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Flat
·
for sale
Request Details
New
Block of Two Flats with Development Potential on 822 sqm Block
Oak Flats
· 4 Bedrooms · 2 Baths · Flat
Oak Flats · 4 Bedrooms · 2 Baths · Flat
Positioned on a substantial 822-sqm block with a wide frontage of over 18 metres, this is an outstanding opportunity for astute investors and developers. Offering potential scenic Lake Illawarra views and excellent future development potential (subject to council approval), the property comprises two self-contained two-bedroom units. Situated just moments from Stockland Shellharbour Shopping Centre, cinemas, local public schools, sporting fields, and transport links, it is currently fully tenanted. The combined rental return of $860 per week. There is potential for a 10% increase at the beginning of 2027 Whether you choose to hold as a high-yielding investment or unlock its land value through future redevelopment (STCA), this property represents an incredible opportunity in Oak Flats. Property Features Substantial 822-sqm block with an impressive frontage of over 18 metres Excellent future development potential with potential Lake Illawarra views (STCA) Dual-occupancy property featurin
Positioned on a substantial 822-sqm block with a wide frontage of over 18 metres, this is an outstanding opportunity for astute investors and developers. Offering potential scenic Lake Illawarra views and excellent future development potential (subject to council approval), the property comprises two self-contained two-bedroom units. Situated just moments from Stockland Shellharbour Shopping Centre, cinemas, local public schools, sporting fields, and transport links, it is currently fully tenanted. The combined rental return of $860 per week. There is potential for a 10% increase at the beginning of 2027 Whether you choose to hold as a high-yielding investment or unlock its land value through future redevelopment (STCA), this property represents an incredible opportunity in Oak Flats. Property Features Substantial 822-sqm block with an impressive frontage of over 18 metres Excellent future development potential with potential Lake Illawarra views (STCA) Dual-occupancy property featurin
Request Details