Expanding over 841sqm (approx.) this blue-chip offering is truly one of a kind! Situated in a tightly held enclave between popular Kendall's and Easts beach is this versatile slice of prime Kiama real estate, promising a multitude of options for developers and investors alike!
Unveiling four two-bedroom units of brick structure with partially upgraded interiors. Delivering a strong history of high occupancy currently returning approximately $81,300pa with a scheduled rent increase to $85,800 effective as of June 2024 (approx.) supports a perfect investment for the astute purchaser.
A "developers delight" confirming a highly desired "E1 Zoning" with a floor space ratio of 1:1 and building height of 11m and expansive frontage of 19m (approx.) - providing scope for a broad variety of commercial, shop top housing, home businesses, medical centres, hotel or motel accommodation to name a few. All subject to council approval.
Arguably one of Kiama's most highly desired lifestyle pockets take a level stroll to neighbouring shopping precinct, pristine beaches, lush parklands, sporting grounds and vibrant town centre! Be quick!
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