Block of Units - Prime CBD Investment

An exceptional opportunity to secure a near-new block of units in the heart of the Wollongong CBD, offering immediate rental income, attractive depreciation benefits, low holding costs and long-term development potential.

Completed in 2022 by respected local builder Guido Development, this solid double-brick complex is set on a generous 683sqm parcel and comprises three strata-titled residences. The property may be purchased individually or in one line, with the flexibility of a long-term settlement available.

Currently returning approximately $2,100 per week with two residences leased, the property offers significant upside, with projected income of approximately $3,800 per week when fully leased. This represents a high-quality investment opportunity combining immediate returns with long-term capital growth prospects.

Additional highlights include a depreciation schedule, low ongoing outgoings and potential for short-term accommodation use such as Airbnb (STCA). Each residence is generously proportioned and designed with modern living in mind, featuring quality finishes, multiple living areas, private outdoor spaces, secure parking and storage.

Investment Highlights:
Three strata-titled units comprising of the following:
Unit 1 – Entire Top Floor (vacant)
- 204 sqm internal + 43 sqm balcony (with fully equipped kitchenette) + private front yard; 4 bedrooms + office; solid timber floors; gas fireplace; intercom & app-controlled gates, Double garage, 15 sqm storage, 16kW ducted A/C; Estimated market rent ~ $1,700 pw

Unit 2 – Single-Level Residence (tenanted)
-158 sqm internal + 21 sqm balcony; 4 bedrooms + office; 2 bathrooms + powder room; reverse-cycle A/C, 2 car spaces + storage; current rent $1,100 pw (upside available)

Unit 3 – Dual-Level Residence (Leased)
-133 sqm internal over two levels; 3 bedrooms + upstairs office; 2 bathrooms + powder room, 28 sqm veranda + approx. 200 sqm private garden; 2 car spaces + storage; reverse-cycle A/C; rent $1,000 pw

Current Leased Income: $109,200 PA
Fully Leased Income: $197,600 PA

Planning & Future Upside
• Zoning: R1 with automatic uplift to R3 under NSW housing reforms
• FSR: 2.5:1 | Max height: 22 metres
• Flexible exit strategies: hold, strata sell-down, or future redevelopment.

Location:
Walking distance to Wollongong Train Station, hospital precinct, and CBD, supporting strong long-term and short-stay demand.

Investor Summary:
A tightly held CBD block of units offering:
• Immediate income with growth potential
• Strong depreciation and tax efficiency (available upon request)
• Airbnb and redevelopment optionality
• Low holding costs and flexible settlement

Opportunities of this calibre and scale are rarely offered to the market. The property is presented by Rise Property Group, for further information please contact Daniel Kostovski 0402 037 940 or Elena Gould 0436 366 606.

Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our vendors, and as such, Rise Property Group makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps, and images are representative only, for marketing purposes.

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