126 Ocean Street Dudley NSW 2290

Offices
300 m²
Sold

Boutique development opportunity with holding income

1,366m² site area
Holding income $52,000 net p.a. (+ GST)
Zoned R2 Low Density Residential

The property comprises a 1,366 square metre* site within the highly sought after and tightly held beachside suburb of Dudley. Zoned R2 Low Density Residential, the site offers multiple redevelopment options including dual occupancy housing, childcare or health consulting rooms (STCA), with the benefit of $52,000* per annum in holding income whilst the planning process is undertaken. Improved on the land is a 300 square metre* building currently occupied by Telstra Corporation and known as the Dudley Telstra Exchange.

The property is located on the southern side of Ocean Street, the main thoroughfare connecting Dudley to Whitebridge. Shops, sporting fields and hotels are within 350 metres* of the site, which is nestled between the Dudley Public School and Awabakal Nature Reserve.

For Sale by Expressions of Interest l For more information, please contact Colliers exclusive selling agents

*Approximate