8 Osborne Parade, Lake Illawarra, NSW, 2528

For Sale

8 Osborne Parade, Lake Illawarra, NSW, 2528

592 m²

BlockOfUnits

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30+ days on the market

What's around 8 Osborne Parade

Rare beachfront investment opportunity - Entire block for sale

Unlock an exceptional coastal investment opportunity directly opposite the golden sands of Warilla Beach and just footsteps from the picturesque Lake Illawarra foreshore. Positioned in one of the South Coast's most sought-after and rapidly growing locations, 8 Osborne Parade offers a rare combination of strong rental income, flexibility and future potential. Set on a level 592m² block, the property comprises four units on one title, including a three-bedroom unit with garage and parking, a two-bedroom unit with parking, and two one-bedroom units with dedicated car spaces. Three of the four residences have been fully renovated, providing immediate appeal and minimal ongoing maintenance. With a solid rental history and an impressive gross rental return of $108,680 per annum, this is an outstanding opportunity for investors seeking reliable income in a premium beachside location. With Warilla Surf Club and local cafes directly opposite, along with the beach, lake, cycleways and public transport all close by, the lifestyle appeal is equally impressive. Opportunities to secure an entire multi-dwelling block in such a tightly held coastal position are exceptionally rare.