64 Ocean Street, Mollymook, NSW 2539
Mollymook 1房 Prime Coastal Investment with Development Potential
Price by Negotiation64 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.