Positioned in a quiet cul-de-sac and just 900 metres from the University of Wollongong, this well-presented red-brick block of units offers a fantastic chance to secure a rare investment with multiple income streams in a consistently strong rental location.
Set on a 557m² parcel of land, the property comprises four units:
Two x 2-bedroom units
Two x 1-bedroom units
Current Rental Returns:
Unit 1 - $450 per week (Lease expired March 2025)
Unit 2 - $420 per week (Lease in place until April 2026)
Unit 3 - $400 per week (Lease in place until November 2025)
Unit 4 - $360 per week (Lease in place until August 2025)
Rental income per annum (Gross) $81,311.00 approx
Council rates per annum $3,746.36
Water rates per annum $2,734.40
Each unit is well maintained and functional, providing comfortable living for tenants and steady rental returns for the owner. The layout of the block ensures privacy between residences, while the classic red-brick façade and low-maintenance surrounds appeal to both tenants and investors alike.
With reliable tenants already in place and strong ongoing rental demand in the area, this is a standout opportunity to secure a multi-income asset with solid long-term potential. Whether you’re a seasoned investor or entering the market for the first time, 16 College Place is a smart and strategic acquisition.
Key Features:
- Solid full-brick construction with well-proportioned interiors
- Located just 900 metres from the University of Wollongong
- Moments to Gwynneville village shops, cafes, TAFE, schools and transport
- Quiet cul-de-sac setting with easy access to the Wollongong CBD
Total land size: 557 square metres
If you are wanting to inspect this property call the listing agent Harrison Trad on 0429318682
All information provided is intended for marketing purposes only. While we make every effort to ensure accuracy, we do not warrant the completeness or reliability of the details presented. Buyers are encouraged to conduct their own research and verify all aspects of the property. Images and descriptions are for illustrative purposes, and figures are approximate. Property availability, pricing, and details may change without notice. Independent advice is recommended before making any purchasing decisions
- Built-in Wardrobes
- Floorboards
