504/53-61 Crown Street
wollongong NSW 2500

Presenting an exceptional investment opportunity or a fantastic entry into the Wollongong property market, this modern one-bedroom apartment is situated in the highly desirable CBD. Enjoy immediate access to a vibrant array of restaurants, cafes, bars, beaches, public transport links, and shopping centres.

Currently tenanted at $560 per week on a secure 12-month lease, and known as the "Theatre Suite" for its balcony view of the Illawarra Performance Art Centre (IPAC), this property offers immediate returns.

The apartment boasts a well-proportioned bedroom with mirrored built-in wardrobes, a contemporary kitchen featuring 40 mm stone benchtops, gas cooking, and stainless-steel appliances, and an open-plan living and dining area with reverse cycle air conditioning and security intercom.

Further features include a modern bathroom with floor-to-ceiling tiling, a practical study area, internal laundry, a covered balcony, and a valuable single secure parking space.

Investment Highlights:

-Generous one-bedroom with carpet, mirrored built-in robe, air conditioning, and balcony access

-Modern kitchen with dishwasher and gas cooking

-Open-plan living and dining area with reverse cycle air conditioning

-Bathroom with shower over bath and floor-to-ceiling tiles

-Covered balcony and internal laundry

-Secure parking space included

-Access to a communal pool, enhancing tenant appeal

-Currently generating $560 per week rental income (12-month lease in place)

Outgoings (approximate per quarter):

-Council Rates: $368

-Water Rates: $173

-Strata Rates: $1,896.13 (includes Admin & Capital Works Fund)

Disclaimer: Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you, we cannot guarantee the accuracy of the information provided by our vendors, and as such, First National Wollongong makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.