Walking distance to town and perched on a large corner block, this property offers you a rare opportunity to develop, invest or renovate in a prime Woonona location. Property like this are becoming increasingly difficult to secure, this property won't last on the market for long! PROPERTY HIGHLIGHTS: R2 Zoning: The block is subjected to R2 Zoning, "Low Density Residential". Consider the development possibilities including low-rise apartments, terraces and duplexes – subject to council approvals. Corner Block: Occupying a 610m2 (approx) corner allotment, the property provides you with fantastic accessibility. Pedestrian access is available from Forrest Street while vehicles can gain access via Hopetoun Street. Lucrative Opportunity: Residing on the outskirts of town, this blue chip location has the potential to deliver future capital returns on your investment. Over recent years, Woonona has undergone significant gentrification reflecting the suburb's growing appeal. Investment Options: The allotment currently is home to a 2 bedroom, 2 bathroom cottage, allowing you to rent out and yield an income until you're ready to start your project. LOCATION AND LIFESTYLE Positioned between the Illawarra Escarpment and the Pacific Ocean, Woonona is approximately a 90-minute drive to the Syndey CBD and a 15-minute (approx) drive to Wollongong. Nudging the Bulli border, the property is located just off the Princes Highway, and appreciates easy access to local bus stops. Alternatively, the Bulli Train Station is a 15-minute (approx) walk away making commuting to the CBDs a breeze. The cycleway also connects to Wollongong for those who prefer to ride to work. The residence rests perfectly between the Woonona and Bulli villages offering you the best of both worlds! Discover a plethora of supermarket, shopping and food and dining options at your doorstep. World-class beaches including Sandon Point, Bulli Beach and Woonona Beach are just moments away while the escarpment soars in the background brimming with walking trails and hikes. A beach style lifestyle with urban amenities where a car is rarely required! Don't miss this once in a lifetime chance to snap up this blank canvas! You are only limited by your imagination as to what can be achieved.
