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102-104 Kingsway, Woolooware NSW 2230

Expressions Of Interest

Land 2877 m²

Listed: yesterday

Updated: 1 hour ago

Overview

Located in a coveted area of Woolooware, this significant landholding of approximately 2,877 square metres offers substantial development prospects within the R3 Medium Density Residential zoning. The site's size and zoning present a flexible canvas suitable for developers and investors aiming to capitalize on the growth potential of the Sutherland Shire.

Strategically positioned on a prominent corner with potential dual street access, the parcel benefits from panoramic water and city skyline views, a valuable asset that enhances its future development appeal subject to council approvals.

With an impressive frontage of about 40.6 metres and a depth nearing 63.7 metres, the land allows for thoughtful planning and design to maximize both housing density and environmental amenity under the recently adopted Low and Mid-Rise Housing Policy.

Prospective buyers will appreciate the property's attractive yield prospect, with an estimated rental income approaching $481,260 per annum. Accessibility is another notable advantage, with proximity to local amenities, transport links, Woolooware Bay facilities, and the vibrant lifestyle offerings of nearby Cronulla’s beaches and cafés.

This opportunity is well-suited to developers, builders, and investors seeking a substantial and strategically located land parcel, combining both immediate income potential and promising long-term redevelopment possibilities within a tightly held coastal market.

Substantial 2,877sqm combined landholding in a sought-after location
Zoned R3 Medium Density Residential with an FSR of 2.2:1, allowing development potential subject to council approval
Elevated corner site offers scope for dual street access and expansive views
Strong rental income potential enhancing immediate investment return
Convenient location near transport, local amenities, and popular beachside attractions

Local Market Insights

In Woolooware, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $10,500,000. The property type mix of listed properties is predominantly Houses at 42%, followed by apartments (32%), and units (9%). The only agency with for land listings currently monitored in the Woolooware area is Highland. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.