Perfectly positioned within Ulladulla's prime business district, the Riveria Arcade offers a rare commercial development opportunity. Positioned on a large allotment of 1065m2, there is potential for future development (STCA) that would afford stunning harbour views.
Currently, consisting of a retail arcade with 5 tenancies, the complex boasts expansive Princes Highway frontage, direct access to Council carpark plus rear lane access and an amenities block. Located directly opposite the Woolworths shopping complex and with tenancies currently in place, there is an immediate return on investment with an incredible opportunity for developers and investors.
Subject to Shoalhaven Council's Planning Controls (Shoalhaven Local Environmental Plan 2014) the following development options offer a unique opportunity for future development with a potential mix of residential and commercial (STCA): B3 Commercial Core Zoning offering possible alternative uses (subject to council approval), Existing Building Size 360m2 (approx), Land Size 1065m2 (approx), FSR 2:1, Height Limit 11m Potential to increase floor area to 2130m2 (approx).
Developed and tightly held by a local family, this key commercial property is being offered for the first time.
For further information or to arrange an inspection of this unique opportunity contact Kate Wise on 0404 413 866.
Features:
• Prime Ulladulla CBD location
• Development opportunity for mixed commercial/residential (STCA)
• Potential for future harbour views
• 5 commercial leases in place with excellent tenants
• Adjacent to council carpark
• Rear lane access
• Amenities block
