38 Etheridge Street, Mittagong, NSW 2575

Presenting an exceptional opportunity for developers, investors, and builders, 38 Etheridge St, Mittagong offers a generous 1512sqm corner block with R3 Medium Density Residential zoning. Situated in a prominent location at the heart of Mittagong, this property is conveniently positioned with easy access to the Old Hume Highway and the freeway. It lies just a short distance from the well-established shopping precinct, which is home to a variety of cafes, restaurants, boutique shops and essential medical facilities. This central location offers the perfect blend of residential development potential with proximity to all the amenities that enhance everyday living in the Southern Highlands.

Key Features:
• 1512sqm corner block with dual street access, providing excellent exposure and development flexibility
• R3 Medium Density Residential zoning, allowing for townhouses, apartments, or similar developments (subject to council approval)
• High-visibility location on the Old Hume Highway, benefiting from strong traffic flow and great accessibility
• Easy access to the freeway, providing excellent connectivity to surrounding areas
• Surrounded by established residential and historic cottage homes  
• Existing house on-site, ideal for demolition and redevelopment to suit your vision
•  Frontage 25.7m Rear 27.8m Length 68.7m and 50.6m

R3 Zoning Opportunities (STCA): 
The R3 Medium Density Residential zoning allows for a range of residential development possibilities, making this property ideal for investors or developers seeking to capitalize on the area's growth. This zoning supports projects such as:
• Townhouses: Building modern, low-maintenance homes that cater to families, downsizers, or young professionals looking to live in a growing regional area.
• Apartments: Developing multi-story apartment buildings that align with the increasing demand for higher-density living in the Southern Highlands.
• Residential Mixed Use: The flexibility of R3 zoning may also allow for some limited commercial development, which could enhance the residential project and serve the surrounding community. Given the growth trajectory of the region, this centrally located property with R3 zoning presents significant opportunities for developers or builders alike. 

Location Highlights:
•  Located within a short drive or walk to Mittagong town center, offering easy access to a variety of local shops, schools, and services
• Proximity to medical facilities such as doctors' offices, a pharmacy, and other essential healthcare services
•  Well-connected with public transport links, including bus and train services, providing convenient access to Sydney and surrounding areas
• Surrounded by expanding residential areas that promise continued growth and increased demand for local services and housing

Nearby Development - Mittagong Maltings Redevelopment:
Only 2 kilometers from the property, the historic Mittagong Maltings site is set to undergo a transformative $68 million redevelopment. This ambitious project will include: Stage 1: The preservation and redevelopment of Maltings 1 to 4 and the Maltster's Cottage into new commercial and recreational spaces, ensuring the heritage of the site is maintained while introducing modern amenities. Stage 2: Approval for residential, tourist, and seniors housing, alongside the creation of 82 new parking spaces within a 10,400sqm area. This significant redevelopment will increase the area's appeal and liveability, further boosting property demand and value in the region. With these exciting developments on the horizon, now is the ideal time to invest in this rapidly growing part of the Southern Highlands.

Agent's Disclaimer: All information provided in this document is deemed reliable but not guaranteed. While every effort has been made to ensure the accuracy of the details, prospective buyers should conduct their own inquiries to verify all information. The agent does not accept responsibility for any errors or omissions in the content provided.