This well known property, which has been in the hands of the current owner for more than 20 years, is now on the market to be sold.
The property represents a unique opportunity to acquire a prominent site located on the busy main street of Kiama. Ideally suited to Commercial, retail, bulky goods, residential or mixed use development, this site has approximately 60m of main street frontage. The current zoning allows for redevelopment on a 1.5 to 1.0 floorspace ratio. The property has current DA Approval for 14 residential units, 6 commercial/retail shops and a large in-ground swimming pool. The total land area is approximately 2,151.6 m2 giving a total developable area of 3,227.4 m2.
Known as the gateway to Kiama, the site is situated opposite the renowned “Kiama Terrace Houses” which are a popular tourist attraction made up of gift shops, award winning restaurants including Chachi’s, Ritzy Gritz and Amaki caf. Visitors & residents arriving in Kiama from the North pass by this property, giving it one of the most prominent locales in the Kiama CBD.
Being in the heart of Kiama’s main precinct ensures easy walking distance to restaurants, Kiama Harbour, shopping & other businesses which make it even more appealing. A short walk to the railway station, grocery store and public transport.
The property’s history is as an automobile service centre complete with service station, vehicle wash bay, mechanic/workshop/panel shop, showroom and NRMA shop. Sections of the property are currently being Leased generating immediate income.
Kiama is ripe for new industry and commercial/retail business. Recent years have brought new development to the area with the construction of apartment complexes throughout the central Kiama area and new land subdivisions on the outskirts of town. There has been a much needed light industrial complex built close to the town centre giving more commercial space for local businesses.
Situated on the South Coast of NSW, Kiama is a beautiful coastal town with great beaches and a proud history.