A Rare Multi-Dwelling Cash Cow with Development Potential!

Secure a rare, high-yield asset in the heart of Port Kembla. Set on a level 686sqm block, this single-title property features four fully self-contained, 1-bedroom units. Generating an impressive $1,440 per week (6% gross yield) with scope for improvement, it stands as a solid investment in a rapidly appreciating coastal suburb with major institutional bank residential lending possible.

While currently zoned R2 Low Density Residential, the property benefits from valuable existing use rights as a multi-dwelling block. This provides unique redevelopment and expansion potential to upgrade, rebuild, or add value to the multi-unit configuration, surpassing standard zoning limitations (STCA).

5 Allan Street Port Kembla NSW 2505
Port Kembla Property | Dimosons Real Estate

To download the Contract of Sale or Make an Offer please visit Dimosons Real Estate!

www.dimosons.com.au

PROPERTY HIGHLIGHTS
| Four separate dwellings on one title — already tenanted, single-level configuration
| Rental income of $1,440/wk (approx. $74,880/annum)
| Generous 686m2 block zoned R2 Low Density Residential – approx. 15.2 x 48m
| Each unit independently metered (ELECTRICITY) and self-contained with its own kitchen and bathroom
| Flat rear yard offering potential for further improvement (STCA)
| Dual-purpose investment — hold and collect, or land-bank for future build
| Surrounded by ongoing residential renewal and infrastructure investment
| Rear external laundry – potential to be converted into a study
| Long term tenancies in place
| $270 million NSW Government infrastructure package to upgrade roads and transport links around Port Kembla
| BlueScope Port Kembla Land Transformation — 200-hectare project to generate $3.26 billion and support 19,400 on-site jobs

GREAT LOCATION CLOSE TO
| Wentworth Street – 200m
| St Patrick’s Catholic Parish Primary School – 450m
| Port Kembla Train Station – 850m
| Port Kembla Beach – 1.9km
| Five Islands Secondary College – 1.8km
| Warrawong Plaza – 1.8km
| Port Kembla Public School – 2km
| MM Beach – 2km

PROPERTY HANDY FACTS
| Council Rates – $489.56/qtr
| Water Rates – $199.68/qtr
| Rental return – $1,440/wk
| Level block – futher development potential (STCA)

Contact Dimosons Real Estate on 4258 0088 today!

The information contained in this listing, including but not limited to property descriptions, prices, and addresses, has been provided to Dimosons Real Estate by third-party sources.

While we make every effort to ensure its accuracy, we cannot guarantee the information’s reliability. It’s strongly recommended that prospective buyers conduct their own due diligence and seek independent professional advice before making any property-related decisions.

Dimosons Real Estate disclaims any liability for inaccuracies or omissions in the information provided.

To download the Contract of Sale or Make an Offer please visit Dimosons Real Estate!

www.dimosons.com.au

5 Allan Street Port Kembla NSW 2505
Port Kembla Property | Dimosons Real Estate