The opportunity this property presents is unlimited! let your imagination run wild!
This property sits on 828 sqm in a prime location within Shellharbour Village and walking distance to the new Waterfront Marina development in Shell Cove. It really is true, when they say location is everything. Walk to either spot for your morning coffee or evening glass of wine and relax and take in the smell of the salty sea breeze – summer has arrived!
This 19th Century quaint Georgian style cottage is one of the oldest standing house in Shellharbour Village and therefore comes with a heritage overlay classification. Further information is available from Shellharbour Council on what can be altered/removed as part of this heritage classification. There is still scope for renovation and extension based on the guidelines that are available from Council. The home offers three bedrooms, bathroom and a single carport with interior features of timber panelling and antique style doors. The home has existing sweeping ocean views from the ground floor level on the east side of the block which could be further enhanced pending renovation/redesign.
The current rental return is approximately $450 per week and provides an ideal investment which could be further enhanced by addition of building a granny flat (pending complying development approval). The size of the block creates unlimited potential for features including an in ground pool, alfresco entertainment area and beautiful landscaped gardens.
The adjoining property at 32 Mary Street is also on the market and could provide combined development opportunity in the future if also purchased. Both properties are zoned R3 increasing the future opportunity.
Shellharbour Village is a popular community that provides everything you need within a short walk or drive, including local schools. The location has much to offer including beautiful beaches and parklands, the new Waterfront Marina, The Shellharbour Club, Links Golf Course, Stockland Shopping Centre and Movie Precinct. Shellharbour Junction train station is just down the road. Wollongong is only 20kms away, 8 minutes to Kiama, 15 minutes to Jamberoo Action Park and a 1 hour drive to the Southern suburbs of Sydney. There is also the new Shellharbour Airport with regular flights to Melbourne and Brisbane in nearby Albion Park.