Approved for 36 residential apartments and 2 commercial suites situated in the heart of Wollongong less than 400m* from Wollongong train station.
Ideally located within Wollongong CBD, offering great connectivity to all major roads, public transport, medical facilities, major retailors and an array of eateries, the site benefits from everything that Wollongong has to offer.
A total approved GBA of 3,580m2* with an NFA of 3,198m2*, using an FSR of 2.57:1. This property has the potential to be further maximised by incorporating the new affordable housing incentive scheme which permits extra FSR and height if the criteria is met.
EOI Thursday 2 May at 4pm (AEST)
Property Highlights:
• Land area: 1,387m2*
• Approved GBA: 3,580m2*
• Approved NFA: 3,198m2*
• DA approved for 36 residential apartments and 2 commercial suites
• Zoned MU1 Mixed Use under Wollongong City Council LEP
• Currently leased
• Commencement: 1-Jan-23
• Expiry: 31-Dec-25 (notice required to start the 6 month demolition clause)
• Options: 3x6 months
• Net Return: $100,000 + GST P.A.
• DD room is available upon request.
*Approx
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