41-43 Foley Street, Gwynneville, NSW 2500

Colliers are excited to present this rare development^ opportunity located within close proximity to Wollongong CBD.

This site is well serviced in their location benefiting from nearby Wollongong Public and Private Hospitals, Gwynneville Public School, Wollongong University, Wollongong Central Mall, major retailers and eateries and the neighbouring development of the former Bunnings site on Flinders Street, Wollongong. The opportunity is also conveniently situated approximately 1.3km between North Wollongong and Wollongong Railway Station allowing for seamless transportation. 

This site comprises ample development^ opportunity offering a total land area of 2,757m2* and an FSR of 1.5:1. Providing a potential GBA of 4,136m2*, it is ideally suited for residential development and the affordable housing uplift scheme. 

41 Foley Street, is offered as unimproved land with Wollongong City Council occupying the site as a monthly tenant. The structures on the site are the lessee's and will be removed once they vacate. The site will be offered as cleared land.

43 Foley Street offers a freestanding hall with the site and is currently occupied and occasionally hired out to community groups. All prospective purchasers must arrange inspections with the agent prior to accessing the site and must be in attendance with a Colliers representative at all times.

Property Details:
• Ideal development site^ with Immediate surrounding amenity
• Situated centrally in Gwynneville, moments from Wollongong CBD
• Excellent connectivity via Memorial Drive, linking Gwynneville to Wollongong
• Zoning: R1 General Residential under Wollongong LEP
• Height: 9 metres
• FSR: 1.5:1
• Frontage: 40m* (mapped)
• 41 Foley Street Land Area | 1,896m2*
• 43 Foley Street Land Area | 861m2*
• Total Site Area | 2,757m2*
• Lot Details: A and C/DP 160926

The properties are to be sold in one-line by way of Expression of Interest, closing Wednesday 5 March 2025 at 4PM (AEDT).

Contact one of our exclusive selling agents for more information.

*Approx.
^S.T.C.A