22 Park Road Woonona NSW 2517

This is a wonderful opportunity to secure a mixed commercial/residential holding in a high growth area. Positioned at ‘Woonona Circle’ shopping precinct, with its beachside locale, the area is experiencing progressive gentrification of the surrounds. The 705sqm lot has two commercial shops and a residence all rented and providing excellent returns. With this corner site significantly under-developed, there is an excellent opportunity to capitalise and add further residential units (STCA).

– Two commercial shops and one residence generating an annual Nett rent of $77,537
– Zoned B1 neighbourhood centre district providing an FSR of 0.75:1
– Corner block with 39.5m (approx) and 15m (approx) frontages to Kialoa and Park Rds respectively
– Newly developed medical centre next door demonstrates gentrification of the area
– Located in a highly sought after beachside suburb with values mostly in excess of $1M
– Opportunity to develop (STCA) and add beachside units with oceans views
– Potential to develop residential property (SCTA) and enhance returns
– Potential to develop or subdivide the vacant portion of land (SCTA) with direct street access
– The residence adjoining the shops would be perfectly suited as commercial office premises (STCA)
– The choice is yours; ban mai or battered sav and a very savvy business investment