72-74 Odenpa Road, Cordeaux Heights

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

72-74 UNRIVALLED, MARKET LEADING REAL ESTATE SERVICES

72-74 ODENPA ROAD CORDEAUX HEIGHTS

CONTENTS

EXECUTIVE SUMMARY 03 WELCOME 05 KEY HIGHLIGHTS 07 OPPORTUNITY & LOCATION 09 LOCATION MAP 11 METHOD OF SALE 13 PLANNING 15 ZONING SUMMARY 16 OUTGOINGS 17 CONCEPT PLAN 18 CONTOUR SURVEY 19 DISCLAIMER 20

*A

APPROX. BOUNDARY ONLY

EXECUTIVE SUMMARY

ADDRESS

7 2 - 74 O D E N PA R OA D, CORDEAUX HEIGHTS, NSW, 2526

TITLE

LOT 1 43 3 D P 74 8 24 0

DESCRIPTION

A SIGNIFICANT 1.084 HECTARE LAND PARCEL WI T H O PP O RTU N I T I E S FO R P O S S I B L E M U LT I DWELLING HOUSING OR SUB-DIVISION DEVELOPMENT (STCA).

LOCATION

ZONING

R2 LOW DENSITY RESIDENTIAL

SITE AREA 10,840M2

SALE PROCESS

EXPRESSIONS OF INTEREST CLOSING 4PM THURSDAY 19TH MAY 2022

03

INFORMATION MEMORANDUM

L O C AT E D I N A P O P U L A R FA M I LY S U B U R B W I T H ELEVATED VIEWS AND DISTRICT OUTLOOKS O N LY A P P R OX . 6 . 7 K M W E S T O F W O L L O N G O N G CBD.

72-74 ODENPA ROAD CORDEAUX HEIGHTS

WELCOME

MMJ Real Estate is delighted to present 72-74 Odenpa Road, Cordeaux Heights, to the market.

This outstanding property is scheduled for sale by Expressions of Interest, closing 4pm, Thursday 19th of May.

0409 456 299 tim.jones@mmj.com.au

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

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

05

INFORMATION MEMORANDUM

TIM JONES MMJ Real Estate Wollongong

*APPROX. BOUNDARY ONLY

E XT R E M E LY R A R E DEVELOPMENT OPPORTUNITY

72-74

ODENPA ROAD CORDEAUX HEIGHTS

KEY HIGHLIGHTS

• 10,840M² LAND HOLDING IN POPULAR, ESTABLISHED SUBURB •

COMMANDING, ELEVATED POSITION WITH SWEEPING VIEWS •

•

R2 LOW DENSITY RESIDENTIAL ZONING

0.5 TO 1 FSR, 9 METRE HEIGHT LIMIT, 449M 2 MIN LOT SIZE • POSSIBLE MULTI-DWELLING HOUSING DEVELOPMENT OR LAND SUBDIVISION (STCA)

INFORMATION MEMORANDUM

07

OPPORTUNITY

MMJ are pleased to present one of the last remaining signif icant development opportunities in Cordeaux Heights to the market for sale. The subject property represents a unique and timely opportunity to acquire a large, inf ill residential development or englobo parcel for potential subdivision and remains one of the last untouched lots in this proven family suburb.

Featuring a total site area of 1.084 hectares, the site is irregular in shape, mostly cleared with varying degrees of slope and is situated at the upper end of Odenpa Road with some sections enjoying elevated easterly aspects and district views.

Combining with its R2 – Low Density Residential zoning, it also boasts easily accessible connectivity to services due to the adjoining existing improved lots and dwellings surrounding the site.

This development will be perfectly placed to meet with the current high level of demand for residential property as a result of the increasing popularity f rom buyers and the lifestyle benef its that the location provides.

LOCATION

The property is located in Cordeaux Heights, which is a highdemand, proven suburban family destination and boasts very low residential vacancy and days on market.

Locally, Cordeaux Heights offers a choice of various schools as well as a boutique retail core on Derribong Street which consists of a variety of shops including restaurant, grocer and delicatessen, beauty salon, café and bottle shop.

Outside of this, its appeal is further highlighted due to the fact that it is still within a 15 min drive to Wollongong as well as nearby Figtree Grove Shopping complex, which is a major sub-regional centre only 3.4kms east of the subject site.

Strong demand for coastal lifestyle property coupled with a pronounced surge in migration into the Illawarra across the whole demographic spectrum has created vibrant conditions for the residential land market. This property is ideally positioned to capitalise on these powerful economic trends well into the future.

INFORMATION MEMORANDUM

09

*APPROX. BOUNDARY ONLY

LOCATION MAP

ODENPA ROAD

ILLAWARRA CHRISTIAN SCHOOL

MOUNT KEMBLA

SUBJECT PROPERTY 7 2-74 O D ENPA R OA D, CORD EAUX HE IGH TS

CORDEAUX HEIGHTS SHOPS

PORT KEMBLA STEEL WORKS

L O C AT I O N // C O R D E A U X H E I G H T S

FIGTREE GROVE SHOPPING CENTRE

UNANDERRA PUBLIC SCHOOL

11

INFORMATION MEMORANDUM

WOLLONGONG CBD

WOLLONGONG GOLF COURSE

72-74 ODENPA ROAD CORDEAUX HEIGHTS

METHOD OF SALE

The property is to be sold by Expressions of Interest, closing 4pm, Thursday 19th of May 2022.

Enquiries to the Exclusive agents:

0409 456 299 tim.jones@mmj.com.au

MICHAEL FARINA , COMMERCIAL SALES 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

13

INFORMATION MEMORANDUM

TIM JONES, MANAGING DIRECTOR MMJ Real Estate Wollongong

PLANNING

Future development of the subject site will be guided by the Wollongong Local Environmental Plan 2009 and Wollongong Development Control Plan 2009 which include development controls relating to zoning, minimum lot size for subdivision, building height, floor space ratio (FSR) and more.

The site is located within the established Cordeaux Heights residential area and has a f rontage to Odenpa Road that is approximately 14.1m wide. There are some scattered mature trees on the subjectLAND site which TAX falls generally in a north-south direction and adjoins Council’s drainage reserves to Athe North and South NO LAND TAX PAYABLE ON East.

SINGLE HOLDING BASIS. LAND VALUE $497,000 AS OF 01/07/2018 The R2 Low Density Residential zone allows for a range of residential uses which could be suitable for the inf ill development of the site, including COUNCIL RATES multi dwelling housing (villas and townhouses).

The generous size of the lot also offers the $6,247.00 P. A . opportunity to subdivide with a minimum lot size of 449m2, whilst the built form controls allow an FSR of 0.5:1 and Maximum Building Height of 9m.

WATER RATES $4,400.00 P. Aproperty .

Development of the subject for multi-dwelling housing,

subdivision or other, will need to consider a range of matters, some of which include consider how access to the development site is providedTOTAL off Odenpa Road for both private vehicle access and waste servicing, whilstP.considering existing signif icant $10,647.00 A. vegetation on site and how the new development f its in amongst the existing surrounding residential development.

MMJ Town Planning & Advisory are able to assist you with realising the development opportunity of the subject site and would welcome you to reach out if you have any queries pertaining to the site.

In this regard, it should be noted that the perceived development opportunities advice provided herein are purely merit based considerations.

Any redevelopment of the subject site (for mixed use or other development purposes) should be reviewed in regards to its feasibility and marketability. The f inal guarantee and/or decision on the adequacy of any proposed development can only be determined by Council or the relevant consent authority within a more specif ic purpose detailed design and Development Application process.

INFORMATION MEMORANDUM

15

*APPROX. BOUNDARY ONLY

ZONING SUMMARY

Zone R2 1 • • • •

Low Density Residential

Objectives of zone To provide for the housing needs of the community within a low density residential environment.

To enable other land uses that provide facilities or services to meet the day to day needs of residents.

To increase the supply of secondary dwellings for affordable rental housing stock.

To provide economic and employment opportunities for people who conduct business activities f rom their homes where these will not adversely affect the amenity of neighbours or the neighbourhood.

2 Permitted without consent Home occupations 3 Permitted with consent Bed and breakfast accommodation; Boarding houses; Boat sheds; Business identif ication signs; Centre-based child care facilities; Community facilities; Dual occupancies; Dwelling houses; Environmental protection works; Exhibition homes; Exhibition villages; Group homes; Health consulting rooms; Home-based child care; Home businesses; Home industries; Hospitals; Multi dwelling housing; Oyster aquaculture; Places of public worship; Pond-based aquaculture; Recreation areas; Respite day care centres; Roads; Secondary dwellings; Semidetached dwellings; Tank-based aquaculture 4 Prohibited Any development not specif ied in item 2 or 3

ANNUAL STATUTORY OUTGOINGS

COUNCIL RATES

$4,618.74 PA

LAND TAX

$19,276.27 PA

TOTAL

$23,895.01 PA

INFORMATION MEMORANDUM

17 19

*APPROX. BOUNDARY ONLY

CONCEPT PLAN

5 49 34

VP

°4 42

5'

32 66 5

8° 22

"

255° 23' 50"

COMMUNAL OPEN SPACE

46 495

VP

35 50 0

RAMP 1:5

77 04 0

RAMP 1:8

89° 5 4'

40"

25 805

253° 10' 50"

18

7 77

0 00

O RO DEN AD PA

LETTER BOXES " 40 4' ° 2 BIN 27 STORAGE

24

' 17 5° 21

" 55

' 29

F O R

Date

20 62 9 329° 0 28' 3

16

BY:

C O N S T R U C T I O N

Do not scale drawing, figured dimensions only to be used.

Dimensions to be verified on site before the fabrication of any building component.

These designs and plans are copyright and are not to be used or reproduced wholly or in part without the written permission of PRD Architects Pty Ltd.

N O T

12

1:400 @ A3

"

162° 37' 50"

Level 2, 73 Market Street, Wollongong NSW 2500 Phone:(02) 4228-3699 Facsilmile:(02) 4229-1145 Email: office@prdarchitects.com

PRD ARCHITECTS

8

Revision Description

FOR APPROVAL

4

AMENDMENTS

No .

" 05

5"

0

1:200 @ A1

4

0"

52 '1

20 0°

3° 12

'0 05

5 55

3° 21

22

5 45

COMMUNAL OPEN SPACE

21

13-028

DA02 -

L Kettle

50 5

27

0" 7' 2 18 °0

' 35 04

10 205

TURNING HEAD

VP

5 14 33

SITE PLAN

16/01/2014 4:39:41 PM

6' 25 " 26 °1

PROPOSED MULTI UNIT HOUSING 68-90 ODENPA ROAD CORDEAUX HEIGHTS

7 000 165° 23' 50"

22 5 13

INFORMATION MEMORANDUM

CONTOUR SURVEY

19

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.