The property comprises a 1,366 square metre* site within the highly sought after and tightly held beachside suburb of Dudley. Zoned R2 Low Density Residential, the site offers multiple redevelopment options including dual occupancy housing, childcare or health consulting rooms (STCA), with the benefit of $52,000* per annum in holding income whilst the planning process is undertaken. Improved on the land is a 300 square metre* building currently occupied by Telstra Corporation and known as the Dudley Telstra Exchange.
The property is located on the southern side of Ocean Street, the main thoroughfare connecting Dudley to Whitebridge. Shops, sporting fields and hotels are within 350 metres* of the site, which is nestled between the Dudley Public School and Awabakal Nature Reserve.
For Sale by Expressions of Interest closing Friday 10 November 2023 at 4pm (AEDT)
*Approximate
The size of Dudley is approximately 5.5 square kilometres. It has 8 parks covering nearly 62.9% of total area. The population of Dudley in 2011 was 2,266 people. By 2016 the population was 2,424 showing a population growth of 7.0% in the area during that time. The predominant age group in Dudley is 40-49 years. Households in Dudley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dudley work in a professional occupation. In 2011, 81.9% of the homes in Dudley were owner-occupied compared with 83% in 2016.
Dudley has 1,021 properties. Over the last 5 years, Houses in Dudley have seen a 81.50% increase in median value, while Units have seen a 36.07% increase. As at 30 November 2024:
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