Two run-down Thirroul investment properties are being sold as one to capitalize on the land size.
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Together, 389 and 391 Lawrence Hargrave Drive total 1,250 metres square and are ripe for an investment with a Development Application already approved by Wollongong City Council, according to the listing.
As a conjoined site, the green light has been given for six “high-end” townhouses with two or three-bedrooms.
The properties were first listed by Dignam Real Estate on October 25.
Both properties were bought by superannuation company Blue Chip in 2016 for a total of $1,700,000.