8/25 Loftus StreetWollongong NSW 2500
Property Details for 8/25 Loftus St, Wollongong
Last Listing description (August 2024)
Positioned adjacent to Wollongong Hospital in the burgeoning health & medical precinct of the CBD, this substantial three-bedroom apartment has been converted into a successful medical facility with a reception area, waiting room, & consulting suites.
Commercial or residential subject to council approval, the choice is yours.
Continue to reap the benefits of the prime position & existing fit-out, this is an ideal property for those looking for a home office.
Either way, this multi-use property represents a secure investment delivering a healthy return
- Lucrative corner location in the heart of Wollongong's medical district.
- Occupying the end position in a compact building of 8 apartments over 2 levels.
- North facing waiting area opens to sun-blessed full length balcony.
- 3 generous professional rooms, each with wide windows welcoming natural light.
- Neat family bathroom includes full size tub & independent shower. Separate toilet.
- Kitchen adapted to reception area with screens, desks, sink, & storage shelving.
- Carpeted throughout. Air conditioned. Separate laundry. Security bars on windows.
- Sizeable single lock up garage accessed from Darling Street with internal entry.
- Additional designated off-street parking space accessed from Loftus Street.
- Stroll to Wollongong Hospital & surrounding specialist medical services.
- Easy access to train station & CBD shopping, dining, & entertainment options.
Property History for 8/25 Loftus St, Wollongong, NSW 2500
- 05 Aug 2024Sold for $650,000
- 02 Aug 2023Listed for Sale $650,000
- 12 Oct 2012Sold for $325,000
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0About 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 15,562 properties. Over the last 5 years, Houses in Wollongong have seen a 55.95% increase in median value, while Units have seen a 34.40% increase. As at 31 October 2024:
- The median value for Houses in Wollongong is $1,156,901 while the median value for Units is $756,585.
- Houses have a median rent of $620 while Units have a median rent of $600.
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