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Adjoining, Approved Inner-City Boarding Houses!

37 & 39 Kembla Street, WOLLONGONG NSW, 2500

Sold

Property Sold in 37 & 39 Kembla Street, WOLLONGONG NSW, 2500

MMJ Real Estate - Wollongong

6-8 Regent Street, Wollongong, NSW 2500

Listing ID:
11293368
Status:
Sold
Price:
Sold - $2,900,000
Last Updated:
11/11/2019
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Property Type

Land/Development/Hotel/Leisure
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Land Area

1352 SQM
Icon size

Floor Area

509 SQM
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Parking

7

Adjoining, Approved Inner-City Boarding Houses!

Situated in the heart of Wollongong City, are these two fully approved boarding houses boasting a combined total of 39 rooms. The property benefits from a sensational rental return and has a total land area of 1,352sqm which provides untapped future development potential. An abundance of lifestyle conveniences can be enjoyed from a near "walk everywhere" address that would undoubtedly appeal to an astute purchaser. Develop, re-design or improve… the options are endless!

A full Information Memorandum is available by request.

Key Features
- Predominantly level and well positioned 1,350sqm site on two separate titles
- Zoned R1 General Residential with a Floor Space Ratio of 1.5 to 1
- Generous 24 metre height limit
- Excellent development potential (STCA)
- Two operating boarding houses with a total of 39 individual rooms
- Excellent passing rental of $275,000 per annum gross
- Level 680 metre* walk to Wollongong Harbour
- Easy 450 metre* walk to major shopping centre

For more details, please email agent

MMJ Real Estate - Wollongong

6-8 Regent Street, Wollongong, NSW 2500


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