OFF MARKET

1/6-8 Yuruga Street
Austinmer NSW 2515

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 141m2
Land area: 1366m2
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Property Details for 1/6-8 Yuruga St, Austinmer

1/6-8 Yuruga St, Austinmer is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1999. The property has a land size of 1366m2 and floor size of 141m2. While the property is not currently for sale or for rent, it was last sold in October 2011.

Building Type
Unit
Year Built
1999
Floor Size
141m2
Land Size
1366m2
Local Government
Wollongong
Lot/Plan
5/SP59003

Last Listing description (May 2013)

Iconic Hotel With Development Potential
Rarely does an opportunity of this calibre present itself. The Headlands Hotel site represents an opportunity for an astute developer or operator in the hotel, tourism or seniors living space to secure arguably one of the most breathtaking sites currently available.
The property comprises a privately owned headland with panoramic views in all directions and a licensed hotel with 6 poker machine entitlements. The hotel has ceased operation with the license currently active.

Over the years many schemes have been proposed for the site where currently there are two development approvals in force today as well as a site compatibility certificate:
??? 2009 DA1313 & DA1315: Development approval for a spa resort and 18 serviced apartments
??? 2004 DA1186: Development approval for 69 serviced apartments.
??? Additionally there exists a Site Compatibility Certificate allowing, subject to council approval, 13 infill self-care seniors living dwellings.
The iconic nature of this imposing headland is unrivalled along the coastline. We offer you the ability to own this tract of land along with the flexibility of 2 current DA's; the ability to commence building; combined with the opportunity to create an integrated tourism/leisure operation comprising accommodation, bars, restaurants, conferences and gaming.
This exclusive property is truly a once in a lifetime opportunity and should not be missed. The property is available for viewing by appointment through the marketing agents.
??? Iconic Headlands. Possibly the last of its kind on the eastern seaboard.
??? Ideal site for Tourism, Seniors living, Hotel or Motel (S.T.C.A)
??? 6,835.2m2 (approx) of prime beachfront contained in 9 titles
??? 2 x Approved DA's plus a site compatibility certificate in addition to the existing use rights as a hotel
??? Zoned SP3 Tourist under the Wollongong Local Environmental Plan 2009
??? Liquor license offered together or separately

Property History for 1/6-8 Yuruga St, Austinmer, NSW 2515

A timeline of how this property has performed in the market
Last Sold
$825,000
15 Oct 2011
  • 15 Oct 2011
    Sold for $825,000
  • 13 Sep 2011
    Listed for Sale Not Disclosed
  • 13 Jun 2003
    Sold for $690,000
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About Austinmer 2515

The size of Austinmer is approximately 3.4 square kilometres. It has 14 parks covering nearly 93% of total area. The population of Austinmer in 2011 was 2,452 people. By 2016 the population was 2,559 showing a population growth of 4.4% in the area during that time. The predominant age group in Austinmer is 50-59 years. Households in Austinmer are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Austinmer work in a professional occupation. In 2011, 76.2% of the homes in Austinmer were owner-occupied compared with 76.5% in 2016.

Austinmer has 1,235 properties. Over the last 5 years, Houses in Austinmer have seen a 67.39% increase in median value, while Units have seen a 50.35% increase. As at 31 October 2024:

  • The median value for Houses in Austinmer is $2,006,386 while the median value for Units is $1,167,399.
  • Houses have a median rent of $1,045 while Units have a median rent of $610.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Austinmer on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Austinmer.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.