54-58 Gipps Street,Wollongong
An exceptional opportunity to secure three adjoining properties in one of Wollongong's most connected and high-demand locations. Offering a combined landholding of approx. 1,360sqm with 38.5m of street frontage, this R1 General Residential site (with automatic uplift to R3 under new housing reforms) presents multiple development outcomes and significant planning advantages.
Situated within walking distance of Wollongong Train Station, the hospital precinct, and the CBD, this blue-chip site is perfectly positioned for a premium residential development (STCA).
- Combined Land Area: Approx. 1,360sqm
- Zoning: R1 General Residential (automatic R3 uplift within 800m of train station)
- Floor Space Ratio: 2.5:1
- Maximum Building Height: 22 metres
- Street Frontage: Approx. 42m
- Location Benefits: 600m to Wollongong Hospital, 660m to train station, 1km to CBD, 1.5km to beach
- Estimated rental income of $117,000 per year
Zoning supports townhouses, terraces, dual occupancies, manor homes, and co-living models with high demand for quality medium-density housing in the Wollongong region it makes it Ideal for boutique developers, builders, or long-term investors.
Water $171pq* | Rates $797pq* Figures are approximate **
Disclaimer: Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the information provided, and as such, McGrath Wollongong makes no statement, representation or warranty, and assumes no legal liability
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