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106 Lawrence Hargrave Drive Austinmer, NSW 2515

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106 Lawrence Hargrave Drive,
Austinmer, NSW 2515

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BEACHFRONT INVESTMENT/DEVELOPMENT

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

Property ID: 5498426Last Updated: 5 Dec 2013

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02 9713 59...
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106 Lawrence Hargrave Drive
Austinmer, NSW 2515
Roger Mickhail Property - Drummoyne
205 Lyons Road
DRUMMOYNE, NSW 2047

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