FOR SALE
Expressions Of Interest

2 Frederick Street
Wollongong NSW 2500

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1062m2
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EXCELLENT COMMERCIAL OPPORTUNITY!

Elders Real Estate Wollongong are proud to offer this excellent commercial opportunity.
This rare DA approved development site is being offered for sale.
- DA Approved 67 room boarding house
- Zoning: R1
- Total land size approx. 1062 Sqm ( Approx.)
ADDITIONAL BENEFITS:
- Efficient design layout with basement parking
- Would suit affordable housing, medical and or student accommodation as well as other multiple private accommodation operators.
- Due to recent changes in zoning regulations, further development boarding house opportunities of this size may never be approved again.
- Potential opportunity to work with the DA to suit current market trends (STCA).
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Property Details for 2 Frederick St, Wollongong

Building Type
Commercial
Land Size
1062m2

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About Wollongong 2500

The size of Wollongong is approximately 5.9 square kilometres. It has 28 parks covering nearly 23.4% of total area. The population of Wollongong in 2011 was 16,716 people. By 2016 the population was 18,454 showing a population growth of 10.4% in the area during that time. The predominant age group in Wollongong is 20-29 years. Households in Wollongong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollongong work in a professional occupation. In 2011, 39.6% of the homes in Wollongong were owner-occupied compared with 39.6% in 2016.

Wollongong has 15,644 properties. Over the last 5 years, Houses in Wollongong have seen a 51.69% increase in median value, while Units have seen a 35.68% increase. As at 31 July 2024:

  • The median value for Houses in Wollongong is $1,101,944 while the median value for Units is $752,787.
  • Houses have a median rent of $673 while Units have a median rent of $580.
There are currently 101 properties listed for sale, and 82 properties listed for rent in Wollongong on OnTheHouse. According to CoreLogic's data, 745 properties were sold in the past 12 months in Wollongong.

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Lou Niceski
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Elders Real Estate Wollongong
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.