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122 Princes Highway
Ulladulla, NSW 2539
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Overview
PRIME COMMERCIAL OPPORTUNITY - SOUTH COAST
Perfectly positioned within Ulladulla's prime business district, the Riveria Arcade presents a rare commercial development opportunity. Situated on a substantial allotment of 1065 square meters, this property offers potential for future development, subject to council approval, that could provide stunning harbour views.
The existing complex comprises a retail arcade with five tenancies, featuring expansive frontage onto Princes Highway. It benefits from direct access to the adjacent Council carpark, rear lane access, and includes an amenities block. Located directly opposite the Woolworths shopping complex, the property currently has tenancies in place, providing an immediate return on investment. This presents an exceptional opportunity for developers and investors alike.
According to Shoalhaven Council's Planning Controls under the Shoalhaven Local Environmental Plan 2014, the property is zoned B3 Commercial Core, allowing for a variety of potential uses subject to council approval. The existing building size is approximately 360 square meters, with a land size of approximately 1065 square meters. The floor space ratio (FSR) is 2:1, and the height limit is 11 meters, offering the potential to increase the floor area to approximately 2130 square meters.
This key commercial property has been developed and tightly held by a local family and is being offered for sale for the first time. It is ideally located in the heart of Ulladulla's central business district, making it a prime location for commercial activities.
Key features of the property include:
- Prime location within Ulladulla CBD
- Development opportunity for mixed commercial and residential use, subject to council approval
- Potential for future harbour views
- Five commercial leases currently in place with reputable tenants
- Proximity to council carpark providing convenient parking options
- Rear lane access facilitating easy deliveries and access
- On-site amenities block for tenant and customer convenience
Disclaimer: The information provided is sourced from third parties believed to be reliable. However, accuracy cannot be guaranteed, and interested parties are advised to conduct their own enquiries.
Location
Ulladulla NSW 2539
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 360 sqm |
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
