Perfectly positioned between the golden sands of Kendall's and Easts Beach, this rare 841sqm (approx.) parcel presents an extraordinary chance to secure one of Kiama's most tightly held development opportunities.
Set on a generous, near-level block with an impressive 19-metre (approx.) frontage, the site currently accommodates four solidly built two-bedroom brick units, each with partially updated interiors and a proven rental track record - currently generating a combined return of $85,020 per annum. High occupancy and a blue-chip coastal address make this a high-performing holding with strong immediate returns and long-term upside.
Zoned E1 (Local Centre), with a 1:1 floor space ratio and an 11-metre height limit, the possibilities here are vast. Think boutique commercial premises, shop-top housing, a medical centre, home business, motel or apartment development (STCA) - this is a blank canvas for the visionary developer or savvy investor.
All this in one of Kiama's most desirable lifestyle pockets, just
