415 & 416/19 Market Street
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About this property
Positioned in the heart of Wollongong CBD, this unique offering comprises two adjoining one bedroom serviced apartments within the Adina Hotels managed complex, delivering a seamless dual income stream. Combining strong yield with premium management, the apartments are secured by a lease to Adina Hotels through to mid 2028, offering a true 'set and forget' investment with a consistent income stream and an estimated net return of up to 7%. -Two adjoining serviced apartments sit in a premium CBD location. -Low maintenance investment benefits from established hotel management. -Lot 415 comprises a one bedroom apartment featuring a spacious balcony and modern kitchen with dishwasher. -Lot 416 provides a studio apartment with a kitchenette and balcony. -Full access is available to complex amenities including a pool, spa, sauna, and gym. -Strong occupancy history supports reliable ongoing returns. -Prime positioning allows for an easy walking distance to Wollongong Harbour, Blue Mile, Lang Park, cafes, and restaurants, plus free city bus access. -Close proximity connects you to WIN Stadium, IPAC, Wollongong Central, Wollongong Golf Club, North Beach, the train station, hospital, and supermarkets. This represents a rare opportunity to secure a dual key style investment in one of Wollongong's most convenient and consistently in demand locations. Lot 415 Water $12pq* | Council $237pq* | Strata $966pq* Lot 416 Water $11pq* | Council $236pq* | Strata $831pq* All figures are approximate * Disclaimer: 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 information provided, and as such, McGrath Wollongong makes no statement, representation or warranty, and assumes no legal liability
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 2
- Parking
- 1
- Listed
- 1 month ago
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Neighbourhood
Living in Wollongong
This 2-bedroom apartment in Wollongong, NSW 2500 sits within reach of public transport, local shops and nearby schools. It is listed 26% below the $849,000 median of 63 comparable apartmentswithin 5 km.
Schools near Wollongong
- Aspect South Coast School, Wollongong Universitycombined
- Illawarra Hospital Schoolcombined
- Lindsay Park Public Schoolprimary · K-6 · CoEd
- Mount St Thomas Public Schoolprimary · K-6 · CoEd
- Wollongong Public Schoolprimary · K-6 · CoEd
- Wollongong West Public Schoolprimary · K-6 · CoEd
What's nearby
- Wollongong Central, Burelli St, Stand B (bus) — 514 m away
- Vinnies — 354 m away
- Unnamed — 181 m away
- Market Square — 222 m away
- Unnamed — 258 m away
Wollongong at a glance
Full suburb profile- Population
- 20,446
- Median age
- 35
- Household income
- $1,549/wk
- Median rent
- $410/wk
- Median mortgage
- $1,950/mo
Source: ABS Census.
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Wollongong price trend
Median sold · Unit 2 bed
Compound growth +1.7% / yr over 4 yrs
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1 price change recorded for this property
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