A rare opportunity awaits with this DA approved development site for a boarding house, located in the heart of highly sought-after Fairy Meadow. Positioned just a short walk to buses, Fairy Meadow Station, Puckey's Beach, and local parklands, this site offers both convenience and prime accessibility.
Situated near key amenities, including the Wollongong Innovation Campus, Fairy Meadow railway station, beach, and the Fairy Meadow CBD, which features Woolworths, Coles, and fashion outlets, this property boasts:
- A generous 1017m? block with a 25.9m frontage, zoned R3
- DA approval for a boarding house consisting of 30 self-contained studio apartments, some featuring balconies
- Estimated rental income upon completion of $690,000 per annum (approved plans available on request)
- Existing 3-bedroom home on-site with a tenant under lease until March 2025
- Close proximity to the University of Wollongong Innovation Campus
- Convenient access to Wollongong's central lifestyle attractions
This is a fantastic investment opportunity in a thriving location with high potential for strong rental returns.
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