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Colliers are pleased to present 1 Park Street, North Wollongong, a tightly held 19-unit residential asset set over two buildings, on a generous 1,621m2* landholding. The site is positioned moments from the coastline, within walking distance to North Wollongong Beach, Stuart Park, local eateries, the free shuttle bus, North Wollongong Railway Station, daily amenity and both buildings offer an attractive north-facing aspect.
The property is being offered for sale by expressions of interest closing Thursday 26 February at 4pm (AEDT).
Property Highlights:
• Current gross income: $407,160* P.A. (includes two vacancies)
• Market Rent: $520,000 P.A. (fully leased)
• Development opportunity^ within the Transport Oriented Development (TOD) precinct
• Residential investment comprising 19 units over two buildings with north facing aspect and dual street access
• Generous landholding of 1,621m2* in a highly sought after coastal location
• Convenient access to local eateries, beaches, public transport and shopping
For further information, access to the due diligence information or to arrange an inspection of the property, reach out to our experts.
*Approx.
^S.T.C.A.
Remember to mention you found this property on DevelopmentReady
Colliers are pleased to present 1 Park Street, North Wollongong, a tightly held 19-unit residential asset set over two buildings, on a generous 1,621m2* landholding. The site is positioned moments from the coastline, within walking distance to North Wollongong Beach, Stuart Park, local eateries, the free shuttle bus, North Wollongong Railway Station, daily amenity and both buildings offer an attractive north-facing aspect.
The property is being offered for sale by expressions of interest closing Thursday 26 February at 4pm (AEDT).
Property Highlights:
• Current gross income: $407,160* P.A. (includes two vacancies)
• Market Rent: $520,000 P.A. (fully leased)
• Development opportunity^ within the Transport Oriented Development (TOD) precinct
• Residential investment comprising 19 units over two buildings with north facing aspect and dual street access
• Generous landholding of 1,621m2* in a highly sought after coastal location
• Convenient access to local eateries, beaches, public transport and shopping
For further information, access to the due diligence information or to arrange an inspection of the property, reach out to our experts.
*Approx.
^S.T.C.A.
Remember to mention you found this property on DevelopmentReady
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