Prime Freehold Opportunity in Primbee

26 October 2017

Over recent years, the Illawarra region has witnessed significant growth across both the residential and commercial sectors with an increasing population expected to grow to 465,400 people approximately by 2031.

Savills Australia and WHK Commercial is pleased to offer an exceptional opportunity to invest, develop or occupy a prime freehold, vacant, single titled parcel of land in the idyllic coastal suburb of Primbee.

Positioned within an established residential and commercial precinct, the 8,615sq m site at Lot 1, Golf Place offers an excellent lifestyle opportunity, adjoining the Port Kembla Golf Club and positioned approximately 1.8km from Perkins Beach, Windang.

Occupying a significant dual street frontage to both the Primbee Bypass and Golf Place, the site is relatively level, clear of any vegetation with town water services connected.

The surrounding area is predominately made up of residential, recreational and environmental use. Under the Wollongong City Council, the property is zoned SP3 Tourist and is to be sold on a vacant possession basis.

For sale through Robert Lowe of Savills Australia and James Egan of WHK Commercial, the property occupies a street frontage of approximately 155m to the Primbee Bypass and is approximately 4km from Port Kembla, 11km from Wollongong and 95km south of Sydney.

Mr Lowe said “Under the current zoning parameters, the property allows for and is not limited to, the construction of commercial shops, childcare centres, tourist and visitor accommodation (STCA) There is a height limit of nine metres and FSR of 1.5:1, subject to approval by Wollongong City Council.

“Primbee is a popular and growing area with strong local demand and market uplift, making this an exceptional development opportunity, conveniently located within close proximity to numerous schools, hospitals, parks and major retail centres”.

Lot 1, Golf Place, Primbee is offered for sale by way of Expressions of Interest closing Thursday 7 December 2017.

Click here to learn more about Savills Metropolitan and Regional Sales.

 
 

Key Contacts

Robert Lowe

Robert Lowe

Director
Metropolitan & Regional Sales

Savills Sydney

+61 (0) 2 8215 8841

 

Jessica Freeman

Jessica Freeman

National Director - Public Relations
Corporate Services

Savills Sydney

+61 (0) 2 8913 4826