1 Pine Cres & 51 Heaslip Street, Coniston, NSW 2500
Coniston 9Kwarto Prime Investment Opportunity - Two Unit Blocks + DA Approval for Development
$2,200,000 - $2,300,000This is an exceptional chance to secure two entire unit blocks on separate titles in a sought-after Coniston location. Offering strong rental income, no strata fees, and DA-approved plans for 4 large, modern townhouses, this property is perfect for investors or developers.
Key Features:
- Two separate titles – full ownership and control
- Garages for all units (located under Pine Crescent complex)
- Shared external laundries
- No strata fees
- DA-approved plans for 4 large stylish townhouses
- Close to transport, shops, and University of Wollongong
- All units are separately metered for electricity
Breakdown of Complex:
51 Heaslip Street:
4 x 1 Bedroom Units with garages and shared laundry facilities
Water Rates: $950/Quarter Approx.
Council Rates: $951.62/Quarter
1 Pine Crescent:
3 x 1 Bedroom Units
1 x 2 Bedroom Units
All with garage and shared laundry facilities
Water Rates: $950/Quarter Approx.
Council Rates: 979.06/Quarter
Total Current Weekly Income $2,670
Annual Income: Approx $138,840 (Plus annual rent increases)
This is a rare opportunity to secure a high performing investment with future development potential. Contact Emma Luchetti or Anton Summerfield to arrange and inspection.