41 Rosemont Street West Wollongong, NSW 2500

Unlock exceptional returns with this unique investment property on the city fringe.

This neat block presents a rare opportunity in a central West Wollongong address. A sought after position, while dynamic proximity to Wollongong Public & Private Hospital, University, & the CBD guarantees its blue-ribbon lifestyle appeal now and into the future.

This strategically configured asset comprising of 1 X 2-bedroom unit and 3 X 1-bedroom units, offering diverse rental streams and significant income potential in a high-demand market.

All units are well proportioned with comfortable living spaces, well appointed kitchens, sizeable bedrooms and bathrooms, seperate laundry spaces and car parking.

The property offers endless options for the savvy investor such as, further scope for rejuvenation and improvements internally to increase the rental return and overall value of the property, the potential to strata title these units to then be sold off separately and of course future re-development opportunities with a townhouse or duplex development (STCA) as the property is situated on a level 923m2 block with a 20m frontage, zoned R2.

Current rental return is $80,600 per annum (Gross)

Unit 1: $550 per week | Lease expires: 15/01/26
Unit 2: $340 per week | Lease expired
Unit 3: $300 per week | Lease expired
Unit 4: $360 per week | Lease expires: 23/09/26

With easily achievable scope to further increase rental return.

Features:

• 1 X 2-bedroom unit and 3 X 1-bedroom units
• level 923m2 block with a 20m frontage, zoned R2 with redevelopment potential STCA.
• Further scope for rejuvenation and improvements internally to increase the rental return and overall value of the property
• Proximity to Wollongong Private & Public Hospital alongside CBD