16 Gregory Street, Coniston

Potential to explore with ocean and city views Set high and proud in a peaceful and picturesque cul-de-sac address, this versatile property overflows with investment or project appeal. Currently configured as two two-bedroom units, it has enjoyed a recent combined rent return of $860 per week – offering a solid two-in-one passive income stream, or exciting scope for family-friendly renovation approx. 2km from Wollongong city centre. - Brick and tile property facing beautiful area outlooks on approx. 720.8sqm (approx.) of land - Great investor opportunity with recent combined rental intake of $860 per week - Two bedrooms, living room, eat-in kitchen and bathroom/laundry in each unit - Convenient one storey layout with lock-up garage and storerooms underneath - Spacious footprint providing excellent potential for reconversion to family home - Or take full advantage of the position and build a new luxury residence (STCA) - Approx. 1km to Coniston shops and station, 1.3km to Coniston Public School - Approx. 1.8km to hospital precinct, 2.2km to dog beach and 3.6km to WIN Stadium The below rates are provided as a guide: Council rates $855.83pq approx. Water rates $612.39pq approx.