17 Shellharbour Road Lake Illawarra, NSW 2528

Positioned on an expansive 1,000m²+ flat block, 17 Shellharbour Road, Lake Illawarra presents a rare and exciting opportunity for investors seeking scale, flexibility, and long-term upside.
This established unit complex comprises four well-proportioned two-bedroom, one-bathroom units, each offering practical layouts and supported by an undercover carport with a single space allocated for each unit. The configuration makes it ideal to hold as a set-and-forget investment, with strong rental appeal and the ability to generate multiple income streams from a single title.
What truly sets this property apart is the land size and future potential. With an exceptionally generous block for this location, there is clear scope to landbank, renovate, reconfigure, or explore future redevelopment options (STCA), allowing investors to maximise returns over time rather than relying solely on today's yield.
The location further underpins its investment strength. Set along a main arterial road, the property enjoys easy access to public transport, is moments from Warilla Grove Shopping Centre, close to local schools and amenities, and just a short drive to Lake Illawarra and pristine beaches in both Warilla and Windang, ensuring ongoing tenant demand.
Whether you're looking to secure a long-term holding, add value, or plan for future development, this is a standout opportunity in a tightly held coastal pocket with proven growth and demand.
An investor's dream with scale, income, and upside, opportunities like this are increasingly hard to find.
Currently returning a combined income of $1,680.00 per week.

The Auction will take place on Wednesday 25th February 2026 in our brand-new Auction House at Ray White Shellharbour City, Shop 2/18 Addison Street, Shellharbour. Registrations open from 5:00pm, with proceedings commencing promptly at 5:30pm.