Wollongong

17-19 Loftus Street

Land: 1375 SQM

SOLD - $2,700,000

Rare Development Opportunity in Wollongong Medical Precinct

Extending over 1375m2, this prime development block showcases a location of prized convenience in the heart of the CBD's medical precinct. Available with ideal B3 zoning, the site represents a superb foundation for a ground-floor medical centre as well as a 36 apartment complex (STCA) - the endless possibilities are yours to ponder. Provisioned with momentary access to Wollongong Private and Public Hospitals, pharmacies, cafes, banks, Post Office and public transport, the allotment promises a fantastically central locale in an established business hub complete with solid foot traffic.

Features:

* Total site are – 1370m2 currently occupied by 2 residences
* Site zoning – B3 commercial core allowing a maximum FSR of 2.91:1 or 3986m2
* Based on 90% residential would allow 36x2 bedroom units at 99.66m2 GFA each (STCA)
* Based on 10% commercial would allow 398.6m2 of ground floor medical practices
* 32m height limit enabling promising city, coastline + escarpment views

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