34 Loftus Street, Wollongong, NSW 2500 | Commercial for sale | OnTheHouse
 
FOR SALE
Guide Price - $1,500,000

34 Loftus Street
Wollongong NSW 2500

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 696m2
Land area: 696m2
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SP1 Zoned Medical Site with Holding Income

Elders Real Estate Wollongong is proud present this unique investment and development opportunity, ideally positioned within the sought-after Wollongong medical precinct.
The property currently comprises an older-style block of 3 fully leased flats, providing a strong rental return while you plan for future development.
With zoning specifically earmarked for Hospital and Medical Research & Development, this site offers immense potential to capitalise on Wollongong's growing healthcare and research precinct.
Property Features
- Zoned SP1 - Special Activities (Hospital and Medical Research and Development)
- Set on approx. 696m2 block
- 2 x 2 bedrooms
- 1 x 1 bedroom
- Lockup garages at rear
- Fully leased with annual return of $48,880
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Property Details for 34 Loftus St, Wollongong

Building Type
Commercial
Floor Size
696m2
Land Size
696m2
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About Wollongong 2500

The size of Wollongong is approximately 5.9 square kilometres. It has 28 parks covering nearly 23.4% of total area. The population of Wollongong in 2016 was 18442 people. By 2021 the population was 20446 showing a population growth of 10.9% in the area during that time. The predominant age group in Wollongong is 20-29 years. Households in Wollongong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollongong work in a professional occupation.In 2021, 41.80% of the homes in Wollongong were owner-occupied compared with 39.60% in 2016.

Wollongong has 15,945 properties. Over the last 5 years, Houses in Wollongong have seen a 40.33% increase in median value, while Units have seen a 38.87% increase. As at 30 November 2025:

  • The median value for Houses in Wollongong is $1,215,299 while the median value for Units is $809,779.
  • Houses have a median rent of $600 while Units have a median rent of $650.
There are currently 87 properties listed for sale, and 103 properties listed for rent in Wollongong on OnTheHouse. According to Cotality's data, 699 properties were sold in the past 12 months in Wollongong.

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Jonathan Niceski
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