Expressions of Interest closing 7 March 2025
Located in a strategic area of Wollongong, 20 & 22 Loftus Street offer an incredible opportunity for developers and investors. These properties are ideally situated near the medical precinct, making them perfect for related developments, whilst also offering flexibility for residential or mixed-use projects.
Property Details
20 Loftus Street: Features a tenanted 3-bedroom house situated on a 633m² plot, presenting a stable investment with potential for future development.
22 Loftus Street: Occupies a 696m² plot, with a converted dwelling previously utilised as medical consulting rooms, enhancing its suitability for health-related services or redevelopment.
Why This Presents A Premier Investment Choice
Enhanced Development Potential. Experience the benefits of increased Floor Space Ratio and existing stormwater management capabilities, allowing for ambitious and compliant development projects.
Strategic Location. Situated close to major hospitals and within the rapidly growing Wollongong area, these properties offer a prime location for both medical-related and residential developments.
Future Growth. With over $1.3 billion invested in the city over the past four years and more on the way, Wollongong is set to become a key metropolitan area. These properties are at the heart of this transformation, poised to benefit from both economic and population growth.
Wollongong A City on the Rise:
Wollongong is experiencing significant growth and transformation, making it an attractive destination for investment.
Economic Expansion: Over the past four years, the Wollongong City Centre has seen over $1.3 billion worth of investment in major development projects, with an additional $300 million in the pipeline.
Population Growth: The city's population is forecast to grow from 223,411 in 2025 to 291,797 by 2046, indicating a strong demand for housing and services.
Strategic Planning: The "Our Wollongong 2028" plan outlines strategies to develop the national competitiveness of metropolitan Wollongong, aligning with State and Federal Government plans.
Investment Highlights:
Flexible Acquisition: Purchase the properties individually or together to suit your development vision.
Strategic Location: Situated in a rapidly growing area with substantial infrastructure investments and a diversifying economy.
Future Growth: Capitalise on Wollongong's ongoing transformation and increasing demand for quality developments.
Don't miss out on the chance to be part of Wollongong's future.
Please contact Daniel Connolly at 0427 382 043 or development@comelli.net.au for more information on this opportunity.
