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122 Princes Highway
Ulladulla NSW 2539

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 360m2
Land area: 1065m2
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PRIME COMMERCIAL OPPORTUNITY - SOUTH COAST

Perfectly positioned within Ulladulla's prime business district, the Riveria Arcade offers a rare commercial development opportunity. Positioned on a large allotment of 1065m2, there is potential for future development (STCA) that would afford stunning harbour views.
Currently, consisting of a retail arcade with 5 tenancies, the complex boasts expansive Princes Highway frontage, direct access to Council carpark plus rear lane access and an amenities block. Located directly opposite the Woolworths shopping complex and with tenancies currently in place, there is an immediate return on investment with an incredible opportunity for developers and investors.
Subject to Shoalhaven Council's Planning Controls (Shoalhaven Local Environmental Plan 2014) the following development options offer a unique opportunity for future development with a potential mix of residential and commercial (STCA): B3 Commercial Core Zoning offering possible alternative uses (subject to council approval), Existing Building Size 360m2 (approx), Land Size 1065m2 (approx), FSR 2:1, Height Limit 11m Potential to increase floor area to 2130m2 (approx).
Developed and tightly held by a local family, this key commercial property is being offered for the first time.
For further information or to arrange an inspection of this unique opportunity contact Kate Wise on 0404 413 866.
Features:
• Prime Ulladulla CBD location
• Development opportunity for mixed commercial/residential (STCA)
• Potential for future harbour views
• 5 commercial leases in place with excellent tenants
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Property Details for 122 Princes Hwy, Ulladulla

Building Type
Commercial
Floor Size
360m2
Land Size
1065m2

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About Ulladulla 2539

The size of Ulladulla is approximately 13.7 square kilometres. It has 26 parks covering nearly 13.2% of total area. The population of Ulladulla in 2011 was 6,070 people. By 2016 the population was 6,624 showing a population growth of 9.1% in the area during that time. The predominant age group in Ulladulla is 60-69 years. Households in Ulladulla are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ulladulla work in a trades occupation. In 2011, 68.4% of the homes in Ulladulla were owner-occupied compared with 67.8% in 2016.

Ulladulla has 4,862 properties. Over the last 5 years, Houses in Ulladulla have seen a 60.52% increase in median value, while Units have seen a 43.51% increase. As at 31 October 2024:

  • The median value for Houses in Ulladulla is $918,780 while the median value for Units is $640,786.
  • Houses have a median rent of $540 while Units have a median rent of $455.
There are currently 112 properties listed for sale, and 11 properties listed for rent in Ulladulla on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Ulladulla.

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Kate Wise
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Ray White Ulladulla
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