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1 Yuruga Street
Austinmer NSW 2515
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Sold on 16 May 2013

1 Yuruga Street Austinmer NSW 2515

  • Hotel, Motel, Pub & Leisure
  • 6,835 m²
  • Sold

Iconic Hotel With Development Potential

Rarely does an opportunity of this calibre present itself. The Headlands Hotel site represents an opportunity for an astute developer or operator in the hotel, tourism or seniors living space to secure arguably one of the most breathtaking sites currently available.
The property comprises a privately owned headland with panoramic views in all directions and a licensed hotel with 6 poker machine entitlements. The hotel has ceased operation with the license currently active.
Over the years many schemes have been proposed for the site where currently there are two development approvals in force today as well as a site compatibility certificate:

2009 DA1313 and DA1315: Development approval for a spa resort and 18 serviced apartments
2004 DA1186: Development approval for 69 serviced apartments.
Additionally there exists a Site Compatibility Certificate allowing, subject to council approval, 13 infill self-care seniors living dwellings.

The iconic nature of this imposing headland is unrivalled along the coastline. We offer you the ability to own this tract of land along with the flexibility of 2 current DA's; the ability to commence building; combined with the opportunity to create an integrated tourism/leisure operation comprising accommodation, bars, restaurants, conferences and gaming.
This exclusive property is truly a once in a lifetime opportunity and should not be missed. The property is available for viewing by appointment through the marketing agents.

Iconic Headlands. Possibly the last of its kind on the eastern seaboard.
Ideal site for Tourism, Seniors living, Hotel or Motel (S.T.C.A)
6,835.2m2 (approx) of prime beachfront contained in 9 titles
Zoned SP3 Tourist under the Wollongong Local Environmental Plan 2009
2 x Approved DA's plus a site compatibility certificate in addition to the existing use rights as a hotel
Liquor license and 6 poker machine entitlements offered together or separately

Property Highlights

Date Sold16 May 2013
Floor AreaAsk Agent
Land Area6,835 m²
ParkingAsk Agent
Property ID2010053420
Category
Last updated  20 May 2013
Map for 1 Yuruga Street Austinmer NSW 2515

Property Highlights

Date Sold16 May 2013
Floor AreaAsk Agent
Land Area6,835 m²
ParkingAsk Agent
Property ID2010053420
Category
Last updated  20 May 2013
Level 2, 63 Market Street Wollongong NSW 2500