IM - 266 Princes Highway, Bomaderry

I N F O R M AT I O N M E M O R A N D U M

266

UNRIVALLED, MARKET LEADING REAL ESTATE SERVICES

PRINCES HIGHWAY BOMADERRY

CONTENTS

EXECUTIVE SUMMARY 03 WELCOME 05 KEY HIGHLIGHTS 07 OPPORTUNITY 09 LOCATION 11 LOCATION MAP 13 FINANCIAL SUMMARY 15 METHOD OF SALE 17 PROPERTY IMAGES 19 TOWN PLANNING COMMENTARY 21 ZONNING SUMMARY 23 DEPOSITED PLAN 25 AERIAL IMAGE 27 DISCLAIMER 28

EXECUTIVE SUMMARYS

ADDRESS

266 PRINCES HIGHWAY, BOMADERRY

TITLE

Lot 5 DP 562858

DESCRIPTION

A PRIME EXPOSURE COMMERCIAL LAND H O L D I N G O F A P P R OXI M AT E LY 2 , 2 0 0 M 2 W I T H VARYING DEVELOPMENT POSSIBILITIES

LOCATION

LOCATED AT THE END OF THE BERRY – BOMADERRY BYPASS APPROX. 60KM SOUTH OF WOLLONGONG AND IN A GATEWAY POSITION LEADING TO NOWRA, THE CLOSEST MAJOR REGIONAL CENTRE. 03

LAND AREA

SIZE: 2,204M2 DIMENSIONS: 32.28M X 66.84M

SALE PROCESS

PRIVATE TREATY $1,495,000

INFORMATION MEMORANDUM

ZONING

ZONE B5 BUSINESS DEVELOPMENT

266 PRINCES HIGHWAY BOMADERRY

WELCOME

MMJ Real Estate Wollongong is delighted to present 266 Princes Highway, Bomaderry to the market.

Please contact the exclusive marketing agents listed below to arrange an inspection.

INFORMATION MEMORANDUM

05

MICHAEL FARINA MMJ Real Estate Wollongong

TRAVIS MACHAN MMJ Real Estate Wollongong

0421 522 713

0447 300 800

michael.farina@mmj.com.au

travis.machan@mmj.com.au

CENTRAL LOCATION IN THE HEART OF BOMADERRY

266

PRINCES HIGHWAY BOMADERRY

KEY HIGHLIGHTS

• 2,204M2 SITE AT MAIN ENTRANCE TO BOMADERRY • ZONED B5 – BUSINESS DEVELOPMENT • WIDE FRONTAGE OF 32METRES • SIGNIFICANT SURROUNDING DEVELOPMENT AFTER COMPLETION OF BYPASS

INFORMATION MEMORANDUM

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266 PRINCES HIGHWAY BOMADERRY

ZONING ALLOWS FOR A M U LT I TU D E O F COMMERCIAL USES

The subject property has a land area of 2,204m2 and features a wide 32 metre f rontage to a main thoroughfare, offering excellent exposure to a consistent and high volume of vehicular traff ic.

Being benef itted by its B5 Business Zoning allows for a multitude of commercial applications including, but not limited to: food and drink premises, service stations and shop top housing.

THE OPPORTUNITY

As major roadworks continue to be completed this price increase cycle is expected to continue. In addition to major works, the changing landscape f rom the COVID pandemic over the past 15 months has seen a residential shift

f rom major cities to the benef it of Regional centres. Nowra and the South Coast areas have certainly experienced this.

This site, along with a creative vision provides an opportunity to create a gateway development in a thriving regional centre.

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INFORMATION MEMORANDUM

Signif icant road upgrades have greatly shortened the travel distance f rom both Sydney and Wollongong to Nowra. This has seen prices rise in all real estate markets in the region in the past 2 years.

266 PRINCES HIGHWAY BOMADERRY

HIGH EXPOSURE SITE AT THE ENTRANCE TO BOMADERRY The sites strategic location is only approx. 60km south of Wollongong and positioned at the entrance to Bomaderry placing it at the gateway to Nowra, the area’s closest major regional centre.

With particular thanks to the completion of the bypass, the site now benef its f rom constant allday traff ic. The positive effects of this new transport link is evident through the immediate surrounding

LOCATION

The main Nowra CBD is 4km south of the site and is situated in the Shoalhaven LGA , with a population of 107,000 in 2021 and projected to grow to 138,000 by 2051 (an increase of 29%).

The region is the main administrative service centre for Shoalhaven LGA and the vast scope of Regional Projects conf irm the amount of public and private investment committed to benef iting the Shoalhaven Region. The retail core of the town offers a wide variety of national supermarkets/f ranchises with bulky goods retail located in South Nowra.

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INFORMATION MEMORANDUM

developments boasting the most recent inclusion of various service station and fast food operators including; McDonalds, KFC, Red Rooster, Shell, Caltex & Woolworths.

LOCATION MAP

SUBJECT PROPERTY 26 6 PR INCE S H IG HWAY, B O M A DE RRY

BOMADERRY AQUATIC CENTRE TRAIN STATION

INFORMATION MEMORANDUM

L O C AT I O N // BOMADERRY

NOWRA CITY

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FINANCIAL SUMMARY

STATUTORY OUTGOINGS LAND TAX NIL (PAYABLE ON A SINGLE HOLDING BASIS) COUNCIL RATES $1,932.72 P. A .

WATER RATES $1,264.40 P. A .

TENANCY DETAILS TENANT CURRENTLY PAYING $19,760 P/A @ $380P/W. LEASE COMMENCEMENT DATE: 23.07.2021 LEASE EXPIRATION DATE: 20.01.2022

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INFORMATION MEMORANDUM

TOTAL $3,197.12 P. A . APPROX.

266 PRINCES HIGHWAY BOMADERRY

METHOD OF SALE

The property is to be sold by private treaty. Please contact the selling agents below.

MICHAEL FARINA MMJ Real Estate Wollongong 0421 522 713 michael.farina@mmj.com.au

TRAVIS MACHAN, DIRECTOR MMJ Real Estate Wollongong 0447 300 800 travis.machan@mmj.com.au

INFORMATION MEMORANDUM

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LOCATED D I R E C T LY OPPOSITE

INFORMATION MEMORANDUM

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266 PRINCES HIGHWAY BOMADERRY

TOWN PLANNING COMMENTARY

TOWN PLANNING COMMENTARY

B5 Business Development zone – permits a range of commercial land uses such as general retail, food and drink premises, childcare, medical centre, self-storage units, indoor recreation, service station, medical centre and shop top housing. Shop top housing allows for ground floor commercial/retail with residential units above.

• •

Maximum building height 11m No mapped FSR - determined by DCP controls for building envelope i.e. setbacks, car parking etc.

Berry to Bomaderry Princes Highway Upgrade – The Princes Highway, Berry to Bomaderry project involves a four-lane upgrade to a 10.3km section of the highway, approximately 60 km south of Wollongong.

The upgrade is scheduled for completion in 2022 and will be the f inal piece of more than 30 kilometres of highway upgraded between Gerringong and Bomaderry since work started in 2012 which is due to be extended to dual lane on the f rontage of the site.

The $450 million project will improve safety and traff ic flow, increase road capacity, and deliver more quality and more reliable journeys on this section of the highway.

Now that it has been completed, it has created a direct link to the Shoalhaven f rom the Illawarra and Sydney regions and this commercial pocket is the f irst one leading into the growing regional hub.

For more information visit: https: //roads-waterways.transport.nsw.gov.au/projects/ berry-to-bomaderry/index.html

LAUREN TURNER MMJ Real Estate Wollongong 0406 660 122 lauren.turner@mmj.com.au

INFORMATION MEMORANDUM

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266 PRINCES HIGHWAY BOMADERRY

ZONING SUMMARY

ZONING SUMMARY Zone B5 Business Development 1 Objectives of zone • To enable a mix of business and warehouse uses, and specialised retail premises that require a largefloor area, in locations that are close to, and that support the viability of, centres.

• To allow a diversity of activities that do not signif icantly conflict with the operation of existing orproposed development.

2 Permitted without consent Nil 3 Permitted with consent Backpackers’ accommodation; Boarding houses; Centre-based child care facilities; Garden centres;Hardware and building supplies; Hotel or motel accommodation; Landscaping material supplies; Lightindustries; Oyster aquaculture; Passenger transport facilities; Respite day care centres; Roads; Self-storage units; Serviced apartments; Shop top housing; Tank-based aquaculture; Specialised retailpremises; Warehouse or distribution centres; Any other development not specif ied in item 2 or 4 4 Prohibited Agriculture; Air transport facilities; Airstrips; Boat launching ramps; Boat sheds; Camping grounds;Caravan parks; Cemeteries; Charter and tourism boating facilities; Correctional centres; Eco-touristfacilities; Environmental facilities; Exhibition homes; Exhibition villages; Extractive industries; Farmbuildings; Forestry; Helipads; Highway service centres; Home occupations (sex services); Industrialtraining facilities; Industries; Jetties; Marinas; Mooring pens; Moorings; Mortuaries; Open cut mining;Pondbased aquaculture; Residential accommodation; Resource recovery facilities; Restrictedpremises; Rural industries; Sex services premises; Storage premises; Tourist and visitoraccommodation; Truck depots; Waste disposal facilities; Wharf or boating facilities

INFORMATION MEMORANDUM

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Acid Sulfate Soils (ASS)

266 PRINCES HIGHWAY BOMADERRY

DEPOSITED PLAN

INFORMATION MEMORANDUM

DEPOSITED PLAN

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STATUTORY OUTGOINGS

266 PRINCES HIGHWAY BOMADERRY

INFORMATION MEMORANDUM

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DISCLAIMER

The agent(s) for themselves and the vendors of the property whose agent(s) they are, give notice that: (i) The particulars are set out as a general outline only for the guidance of purchasers and do not constitute an offer or contract. (ii) All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but purchasers should notO rely them as statements or FLO Ron P LA NS presentations of fact, but must satisfy themselves by inspections or otherwise as to the correctness of each of them; and a draft Agreement for Sale of Land which is available for inspection at the offices of the Agent(s). In the event of any inconsistency between this Property Report and the Agreement for Sale of Land, the provisions of the Agreement for Sale of Land shall prevail. (iii) No person in the employment of the agents has any authority to make or give any representation or warranty whatsoever in relation to these properties. (iv) The Agent(s) and the vendor, each of their associates and every person involved in the preparation of this Information Memorandum expressly disclaim any liability on any grounds whatsoever for any direct or consequential loss or damage (whether foresee able or not) which may result from any party acting on or relying upon all or any part of the information contained in the Information Memorandum notwithstanding any negligence, default or lack of care.