Wollongong 2br unit for sale: 195K

This is my first post, so be kind ;)

I have for sale a 2 bedroom Unit in the city of Wollongong. I'll try to put as much detail on here as I can- all that I can remember!!

Price: $195K

Currently tenanted, but I haven't put the rent up for 8 years! The median rental price in Wollongong is 200 bucks. The current tenants are great and have been there for about 2 years.

The Unit is about 35 years old and is in good (original) condition. It's on the bottom floor of the block. It's 50m2. It gets a huge amount of sun and has some ocean views- it's built up nice and high. The Unit has polished floorboards in v. good condition.

The Unit has a designated parking spot immediately outside it- park your car right outside the door!

The Unit is close to the hospital, buses, schools etc- it is right in the centre of town in Crown Street (the main street of Wollongong).

As you'd be aware, Wollongong had something like a 20% increase last year alone. It's almost impossible to get a 2-bed Unit under 200K there. I'm selling because I'm investing elsewhere right now and wouldn't mind some cash to splash around.

Cat
 
Geoff,

Thanks for your questions :eek:) I guess there is room for improvement- kitchen, bathroom, but the non-reno'ed is not bad too.

The current rent is $125 a week. Don't cringe- I'm a socialist and I bought the place 9 years ago when it was cheaper. I never even thought of raising the rents. The current lease runs out in January: 1/1/2004 :)

Cat
 
Yes, I do have pictures Frank. I'd be willing to send pictures to any genuinley interested persons :) And it's on Crown Street, the main Street of Wollongong.

Cat
 
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