119-121 Flagstaff RoadWarrawong NSW 2502
Property Details for 119-121 Flagstaff Rd, Warrawong
Last Listing description (August 2026)
Positioned on a prominent corner site, 119-121 Flagstaff Road, Warrawong presents a rare opportunity to secure a versatile mixed-use property. The building comprises of two floors, the ground floor offers 370m2* of commercial space occupied by a convenience store, and the upper floor comprising a spacious four bedroom, two bathroom residence, complete with a wrap around verandah.
Located in the well established suburb of Warrawong, just south of Wollongong, the property is supported by strong surrounding infrastructure and amenity, including Warrawong Plaza, Warrawong Community Health Centre, schools, public transport links and a range of medical and essential services. Excellent connectivity to Wollongong CBD and surrounding suburbs further enhances convenience for both residents and businesses.
This mixed use building is situated on a high exposure corner positions it as a flexible and highly desirable asset with immediate income.
Property Highlights:
• Net Income $61,058 + GST P.A.*
• Floor Area: 568m2*
• Zoning: R2 Low Density Residential
The property will be offered by Expressions of interest closing Thursday 11 June at 4pm.
*Approx
Property History for 119-121 Flagstaff Rd, Warrawong, NSW 2502
- 13 May 2026Listed for Sale $950000.00
- 06 Oct 2022Listed for Sale Contact Agent
- 01 Nov 2021Listed for Sale Price Guide $1,100,000 - $1,200,000
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0About Warrawong 2502
The size of Warrawong is approximately 2.6 square kilometres. There are 13 parks, covering nearly 19.2% of the total area. The population of Warrawong in 2016 was 4752 people. By 2021 the population was 4659 showing a population decline of 2.0% in the area during that time. The predominant age group in Warrawong is 0-9 years. Households in Warrawong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warrawong work in a labourer occupation.In 2021, 48.00% of the homes in Warrawong were owner-occupied compared with 46.80% in 2016.
Warrawong has 2,439 properties. Over the last 5 years, Houses in Warrawong have seen a 34.58% increase in median value, while Units have seen a 32.79% increase. As at 31 July 2026:
- The median value for Houses in Warrawong is $893,292 while the median value for Units is $713,869.
- Houses have a median rent of $650 while Units have a median rent of $480.
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