Sold Feb 2014
A Golden Nest Egg

1-6/204 Gipps Road, Gwynneville, NSW 2500

10 beds 6 baths 8 cars
Block of Flats


James Ianni
James Ianni
James Ianni
James Ianni
1-6/204 Gipps Road has been Sold
Amazing investment, prosperous income, strata development potential all in a location that is central, stylish and sought after. This solid block of six units is positioned steps away from Gwynneville Village and a stone's throw from Wollongong CBD, University and the TAFE; quality tenants will be beating down your door. With four two-bedroom units and two one-bedroom units each featuring separate living, kitchen, bathroom, their own balcony and car space. Some are renovated with others in original condition, but all are up to rental standard and have the potential for a fantastic rental return of $92,560 pa. If you are looking for the goose and the golden egg you have just found it!

- The rental market is currently booming with executives, students and international visitors seeking accommodation

- The two bedroom units rent for $310 per week and the one-bedroom units rent for $270 per week

- Currently on one title there is potential for strata development and individual sale (STCA)

- Good sized bedrooms that are fresh, bright and carpeted

- The generous living area is open plan, light and airy with sliding glass doors to access the balconies

- Full kitchens feature electric cooking and plenty of storage

- Spacious bathrooms featuring bath and shower and a separate toilet

- Internal laundry in each unit and linen cupboard for storage

- The block provides six car spaces for tenants and an extra car space for visitors

- Solid brick construction on a suspended concrete slab, this is a property that will stand the test of time

- Across the road from Wiseman Park Bowling Club, tennis and basketball courts, Beaton Park and 1.8km to Wollongong University, TAFE and the CBD

- Gwynneville village is a buzzing strip of cafes, bakeries, restaurants with a cosmopolitan feel

- An investment opportunity like this is a rarity with savvy management this is the gift that could keep giving for generations to come
Land Area: 766 sqm
Rooms: 16
Parking: 8 cars
Council Rates: Council Rates $3,838,69 per annual
Water Rates: Water Rates $979,08 per quarter
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SA1 - 1114916 Meet the Neighbours near 1-6/204 Gipps Road
Monthly Personal Income
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The average age is 28
Majority are Couples with children
Most residents Renting
Weekly Income
Employed as Health care and social assistance
Health care and social assistance
Retail trade
Education and training
Accommodation and food services
Professional scientific and technical services
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Ask our agents about 1-6/204 Gipps Road, Gwynneville, NSW 2500
James Ianni
James Ianni
James Ianni
James Ianni
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