Premium investment opportunity, located adjacent to the botanical gardens and a short walk to the University.

With Existing Residential Home – Leased for $550/Week

URBAN are pleased to present 8 Gwynne Street, Gwynneville to the market. The property is being offered with a recently approved DA, for a modern 11 room boarding house with managers residence, located within the thriving Gwynneville/Keiraville University precinct.

This asset has been smartly designed with the occupier at the forefront of mind. Each proposed boarding house room maximises space providing efficient and appealing living space. 8 Gwynne Street is perfectly positioned within the rental market and just a short walk to both the University of Wollongong and TAFE ILLAWARRA campuses.

Alternatively, live or lease in the current home or seek out other development opportunities under the council code.

Property Features:

- Existing 3 Bedroom Home currently rented for $550/week
- Total land area 670m2
- Located across the road from the botanical gardens
- Dual street frontage
- Zoning R2 low density residential
- Existing DA for boarding house

Available Upon Further Request:

- Full DA consent and plans
- Access to the key people involved in the DA approval process to complete your due diligence

Local Amenity:

- TAFE Illawarra 800m
- University of Wollongong 700m
- Wollongong Central 1.9km
- 4min drive or 20min walk to North Wollongong Train Station
- Public and private hospitals nearby
- Keiraville neighbourhood shops 540m
- Gwynneville neighbourhood shops 580m

Call Simon Hagarty today on 0405 175 416 to discuss this extremely rare offering to the market place.

For more information

Simon Hagarty

Director of Project Sales 

0405 175 416 

Simon  Hagarty Real Estate Agent

Email Agent

Where to find this property