64 Ocean Street, Mollymook, NSW 2539

64 Ocean Street, Mollymook, NSW 2539
Prime Coastal Investment with Development Potential

Just over 100 metres from the golden sands of Mollymook Beach, this blue-chip property presents a rare and exciting opportunity for savvy investors, developers, and land bankers alike.

Currently home to the Mollymook Newsagency, the property is securely leased until December 2031 (including options), generating a passive income of $27,740.66 per annum. However, the real value lies in the land and the MU1 Mixed Use zoning - offering a canvas for future mixed-use or shop-top housing development (subject to council approval) in one of the South Coast's most sought-after beachside suburbs. Picture luxurious north facing apartments and with a commercial component.

* North facing with ocean and beach views

* Just 100m from Mollymook Beach

* Zoned MU1 Mixed Use - supports both commercial & residential uses

* 619.7m² block with dual street access

* Approx. 200m² of floor area including shop front and old dwelling

* 11m height limit - development potential (STCA)

* Land value: $2,300,000 (Valuer General, as of 1 July 2024)

Walk to Mollymook Golf Club, cafes, restaurants, beachside golf course & more.

With a secure lease in place, this is a strategic acquisition for those looking to capitalise on future redevelopment potential in a tightly held coastal location.