Name: 19-21 & 23 Broken Bay Road, Ettalong Beach, NSW 2257
Address: 19-21 & 23 Broken Bay Road , NSW, Ettalong Beach, NSW, 2257
Telephone: +61 409 666 577

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19-21 & 23 Broken Bay Road, Ettalong Beach, NSW 2257

Properties / Buy / New South Wales / Ettalong Beach

Development Potential

1. Property Summary

Property Type

Residential, Commercial

Land Area

1,270 m² (*approx)

Selling Method

Auction: Contact Agent

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2. Property Highlights

Prime Location Development Site with Holding Income

An outstanding opportunity to acquire a prime real estate asset in the heart of Ettalong Beach. Located on a corner block with rear lane access and only 200m to the foreshore.

Arranged over two titles totalling 1,270sqm (approx.), the offering comprises a leased restaurant plus strata titled office and retail suites as well as a rear parking lot for approximately 12 vehicles. With a total gross income of over $250,000 p/a.

This property offers a unique opportunity for future development with a substantial holding income.

Under the LEP the height limit exists at 11.5m; however the controls in place give a bonus for the Ettalong Village area of 17.5m and a bonus FSR of 2:1. Zoning is B2. Based on the combined site area this would provide for a developable floor space of approx. 2800m2 and a building of approx. 5 stories in height.

This site is available for shop top housing with some form of retail on the ground floor that given it's sort after location would ideally suit a restaurant or bar. Car-parking could potentially be developed in a basement and the residential component separated from the retail if required.

There are concept plans available for residential/retail complex subject to council approval.

Features include:

- Leased to well-established tenants

- Two separate holdings to be offered in one

- Total site area approx. 1,270sqm

- Dual street frontage plus rear lane access

- Zoned B2 Local Centre

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