An extremely prominent location right on the corner at the entrance to Kiama’s town centre. This building has dual street frontage being a corner position and currently there are 2 separate tenants in place providing a regular income. There is a Council DA approval to construct a whole new level upstairs to add to your income potential with a strata title. The new level will have upper street frontage with great visibility and a huge verandah for extra lettable area. Upstairs would be perfect for a restaurant/bar business (STCA).

Plans are available for inspection in our office. The upstairs property can be split between 2 owners/tenants with shared facilities or one tenant occupying the entire top floor of the building. Construction is ready to start as soon as a contract is exchanged with a buyer. There is potential for a Commercial freehold with maximum exposure and split the risk with 3+ tenants. You could also develop, lodge the strata subdivision and sell off the shops individually for a great return!

Property will feature a lovely township outlook towards the Kiama harbour with some ocean views.