155-161 Tongarra Road Albion Park NSW 2527
- Development / Land
- 2,665 m²
- For Sale, Price Upon Application
Significant Redevelopment Opportunity
- Colliers International Wollongong are delighted to present an exceptional opportunity to purchase 155-161 Tongarra Road, Albion Park.
- Positioned in the heart of the Illawarra's growth corridor, 155-161 Tongarra Road Albion Park is perfectly aligned to take advantage of being located in one of NSW's most rapidly developing growth areas. Ideally positioned to capitalise on this significant growth, the property is located in the heart of the Albion Park town centre fronting the A48 Illawarra Highway (Tongarra Road).
- Comprised of 5 amalgamated lots, the property totals an approximate developable land area of 2,665m². Currently producing a gross income of $116,872.29 per annum, the Property can provide beneficial cashflow during any planning process. Development opportunities in this location and on this scale are a rare find.
- • Prominent high street position with 3 frontages
- • Total land area of approx. 2,665m² over 5 lots
- • Current gross annual income of $116,872 per annum
- • Zoned B2 local centre with a FSR of 1.5:1 and a height limit of 12m
- • Rare opportunity to redevelop in this location*
- *Subject to council approval
|Floor Area||Ask Agent|
|Land Area||2,665 m²|
|Annual Return||Ask Agent|
|Last updated||21 Jun 2019|
Map for 155-161 Tongarra Road Albion Park NSW 2527
Level 2, 63 Market Street Wollongong NSW 2500