This unique development site is situated in the heart of Kiama, opposite the popular tourist shops known as “The Terrace houses”. The only access to Kiama from the North is right past this property, giving it one of the most prominent locales in Kiama CBD. Restaurants, Kiama Harbour & shopping nearby make it even more appealing.

A near level block with approximately 60 m of street frontage, this property is currently zoned commercial/residential and allows for redevelopment on a 1.5 to 1.0 floorspace ratio. The total area of the land is approximately 2150m2.

Kiama is a coastal town which is easily accessible to Wollongong and Sydney and which is ripe for new industry and commercial/retail business. This property offers the ability for a combined development of a commercial/retail complex with residential unit development or either one individually. The site could have potential for an aged care facility, bulky goods (all STCA) or many other uses as per current Council zoning legislation. The site is currently DA Approved for a combination of commercial/retail & residential development.

The property offers immediate income from short term tenancies currently in place with space still available to lease out.

Seize this opportunity to purchase a redevelopment site which has a variety of potential usage.