Woolooware 102-104 Kingsway

Development Potential

Positioned within a tightly held and highly sought-after pocket of Woolooware, this substantial development opportunity presents an impressive, combined landholding of 2,877sqm (approx.), zoned R3 Medium Density Residential.

Boasting significant scale, an attractive potential income stream and exciting future potential, the site offers an exceptional opportunity for developers, builders, investors and strategic purchasers seeking a substantial foothold in the Sutherland Shire. With potential to generate a rental income of approximately $481,260.00* p.a., the property presents an appealing proposition for those seeking to secure a sizeable landholding with income potential while exploring longer-term opportunities.

Occupying a prominent corner position perched on one of the highest points of the Kingsway, the site offers potential for dual street access and gun-barrel water and city skyline views, further enhancing its appeal and providing added flexibility when exploring future development possibilities with STCA for subject to council approval. Comprising a substantial landholding zoned R3 Medium Density Residential, with an FSR of 2.2:1, the property presents an exciting opportunity for developers and investors to investigate its future potential.

Under the recently adopted Low and Mid-Rise Housing Policy, the site offers further scope to explore residential development opportunities, including increased housing density, subject to applicable planning controls, site-specific provisions and relevant approvals. The combination of significant land area, strategic corner positioning, potential dual street access and favourable planning attributes creates a compelling proposition for those seeking to unlock the potential of a substantial Woolooware landholding.

Enjoying a well-connected position, the property benefits from convenient access to established local amenities, transport connections, Woolooware Bay facilities and Cronulla's renowned beaches, cafes and lifestyle attractions. Its strategic location within an established coastal market adds further appeal for developers and investors seeking a quality acquisition in a tightly held area.

Whether pursued as an income-producing investment, strategic landholding or future development opportunity, this is a compelling chance to secure a significant Woolooware offering, combining scale, income and long-term potential in one strategic acquisition.