106 Lawrence Hargrave Drive,
Austinmer, NSW 2515

This waterfront reserve property is an extremely rare offering overlooking Austinmer Beach, one of New South Wales' cleanest beaches. The site is virtually the closest point to the water along this South Coast drive to Wollongong.

The existing improvements comprise a single level retail building occupied by a café business. Ripe for redevelopment with a floor space ratio of 0.75 : 1, potential exists to construct, for example 2 x retail shops and 2 x 3 bedroom penthouses above (STCA)

Zoning: 3(b) Neighbourhood business
Land area: 538 sqm approx
FSR: 0.75 : 1
Existing building area: 168sqm approx

Lease details
Lease expiry: 13/03/13, with no option to renew
Gross rental income: $80,000 per annum