9 Eastern Street

Proudly presenting the ultimate investment opportunity with four single level units on one title, all tenanted, providing a consistent rental return, while be positioned perfectly in the heart of Gwynneville. This property offers 2x three-bedroom units, 1x two bedroom unit and 1x one bedroom units. All units are well proportioned and have been updated throughout with comfortable living spaces, well-appointed kitchens, sizeable bedrooms and bathrooms, communal laundry with storage and on-site car spaces with a dual driveway. 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 near level 683m2 block with a 15m frontage, zoned R2. Current rental return is $100,620 per annum (Gross) Unit 1 $450 per week (Expired March 2026) Unit 2 - $570 per week (Periodic Lease) Unit 3 - $395 per week (Expired Feb 2026) Unit 4 - $520 per week (Expires April 2026) Whether you're looking to add to your portfolio, embark on a development project, or simply capitalise on the prime location, this property offers endless possibilities for the astute investors. Positioned perfectly on the outskirts of Wollongong CBD, short walk to Gwynneville's vibrant Village, cafes, restaurants and local shops, public transport, Botanical Gardens, Beaton Park Leisure Centre, University, Tafe, Public & Private hospitals and local beaches. Features Include: Ultimate Investment with 4x units on 1 title - 2x three bedroom units, 1x two bedroom unit & 1x one bedroom unit - Current rental return of $98,540 per annum (Gross) (All units tenanted) - Situated on a level 683m2 block with 15m frontage, Zoned R2 - Opportunity to explore strata possibilities or Re-development (S.T.C.A.) - Positioned perfectly in the heart of Gwynneville, on the outskirts of Wollongong CBD Outgoings: Council Rates $1028 per quarter (approx) Water Rates $684 per quarter (approx) Disclaimer: Whilst A-List Property Group has made every effort to ensure the information supplied to you in our marketing material is correct, we cannot guarantee the accuracy of the information provided by our Vendors, and as such, A-List 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.