UMINA BEACH NSW 2257
$6,000,000 GST N/A
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- 11 Oct 2016
2,536 Sqm of B2 Business Zoning !
MULTI - NATIONALS & DEVELOPERS TAKE NOTE !
Situated in the hub of the Umina Beach CBD and around 80 metres to the West Street Shopping Strip, is this huge parcel of amalgamated land totaling 2,536 sqm.
For the Multi-Nationals, it is a great site for a large supermarket chain or even a small-medium boutique motel chain, with the higher floors obtaining magnificent ocean views, with Woolworths, Coles, Bunnings and Aldi already occupying the Umina Beach CBD.
With 3 street frontages, a current Building Floor Space Ratio of 1.8:1, totaling 4,565 sqm of allowable building floorspace and a 14.25 metre building height limit, this is the ideal mixed commercial/residential site for the medium to large developer. (The current allowable floorspace & height limit has the potential to be increased, upon recognition of Umina Beach as a Town Centre (AS RECOMMENDED BY CENTRAL COAST COUNCIL) under the final version of the Central Coast Regional Plan. (CURRENTLY UNDER CONSIDERATION BY THE NSW STATE GOVERNMENT).
NOTE: A potential mixed development scenario may consist of basement parking, 10 - 12 shops on the ground floor and 35 - 40 residential apartments above, with very sound returns on re-sales.
And finally, to help with the holding costs, the current residential properties are returning around $3,000 in total, per week.
To find out more about this rare amalgamated development site in a prime location, call Phil McCord now on 0417 260056.
To view more properties go to randwuminabeach.com.au
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information