One of the South Coast’s most anticipated development prospects will come to market this month, offering developers a rare opportunity to secure a prime site in the heart of Kiama’s retail precinct. Located on Akuna Street, the 4,961sqm site has a pre-commitment from Aldi, who are keen to open in this thigtly held market and become only the second major supermarket in the popular holiday destination.
Offered on behalf of Kiama Council, the strategically positioned site is zoned ‘B2 Local Centre’ which enables mixed use development.
“This is an ideal site for a developer looking for exposure in a popular holiday destination,” said selling agent Marcelo Ramirez of Colliers International. “With a pre-commitment from Aldi and the opportunity for both commercial and residential components on the site, interest in this asset is expected to be strong.”
Located 120km south of Sydney, Kiama is a thriving seaside metropolis, with a population of around 13,000 people. During the summer holidays, this population swells, as the town is well-located for tourists seeking a coastal location.
“Our major has said that Aldi’s plans will fulfil a councils’ long term commitment to bring a 2nd supermarket to the area.”
The site is being offered by an expression of interest campaign closing on Friday 18 March at 4pm. Further information is available from the selling agents Marcelo Ramirez 0402 114 604 and Keith Garrash 0414 662 500.