10 Bon Accord Street, Corrimal, NSW 2518

An exceptional opportunity to secure a substantial 745sqm flat, level allotment in one of Corrimal's most tightly held and well-connected pockets. Perfectly positioned within easy walking distance of Corrimal train station, shopping village, parks, and East Corrimal Beach, this prime R3-zoned site delivers an outstanding blend of lifestyle appeal and future redevelopment upside in a thriving coastal suburb. Zoned R3 Medium Density Residential, the property offers a highly flexible redevelopment platform (STCA), suitable for low-rise residential apartments, duplexes, townhouses, or boutique residential projects. Further enhancing its appeal, the site sits within the NSW Government's 800m train station catchment, where recent planning reforms actively encourage increased housing density close to public transport and town center's, supporting stronger long-term development outcomes. Highlighting the site's versatility, the potential options are maximised by the generous level land size and valuable 18.3m frontage. A key advantage of this opportunity is its exceptional location combined with the significant future growth upside emerging across the wider Corrimal precinct. The property is located in close proximity to the Corrimal Works (former Coke Works) redevelopment, a major urban renewal project set to deliver new housing, upgraded infrastructure, improved public spaces, and enhanced local amenities including shops and supermarket. As this project progresses, the surrounding area is expected to benefit from increased demand, improved streetscapes, and long-term uplift in property values. Land parcels offering this level of future scope, zoning flexibility, and proximity to transport infrastructure are exceptionally rare in the Corrimal market. This represents a compelling opportunity for developers and investors seeking a premium site with strong lifestyle appeal and clear redevelopment potential in one of the Illawarra's most in-demand coastal communities. The property currently comprises a solid, well-established brick and tile residence, with a tenancy in place returning in excess of $36,000 per annum, providing secure holding income while future plans are considered. Please note: All development is subject to Wollongong City Council and relevant authority approvals. - 745 sqm allotment with excellent redevelopment fundamentals - 18.3m frontage on flat block with great East facing backyard - R3 Medium Density zoning ideal for apartments, townhouses, or duplexes (STCA) - Within 800 m of Corrimal train station, benefiting from NSW Government low/mid-rise housing reforms -Potential to redevelop (STCA) including 3-level apartment or 4-dwelling townhouse schemes - Strong rental income from existing home at over $36,000 per annum - Level Walk to shops, cafés, schools, parks, beaches, and transport