359 Princes Highway

Woonona NSW 2517

The ground floor commercial space is the key driver of the asset, providing a highly visible restaurant/bar premises with strong street presence, accessible entry, customer amenities and rear access. The property is well suited to an owner-operator seeking to run a hospitality business from a prominent Woonona location, with the benefit of an impressive residence above.

Upstairs, the property offers a beautifully presented three-bedroom residence, providing genuine flexibility for a restaurateur or business owner to live onsite, accommodate staff or management, or lease separately to offset holding or business costs.

With commercial and residential improvements on a single title, rear laneway access, parking for up to six vehicles and a position close to Woonona Beach, local shops and major transport routes, this is a rare opportunity to secure a mixed-use asset with multiple occupancy and income strategies.

For further information, or to arrange an inspection, please contact the Exclusive Selling Agents:

Chris | 0451 714 441
Martin | 0412 424 226

Residential: approx. 159 sqm
Commercial: approx. 157 sqm
Land Area: approx. 613 sqm

Key Features:

* Mixed-use commercial and residential property on a single title
* Prominent Princes Highway position opposite McDonald's
* Strong street presence in the heart of Woonona's CBD
* Former bank building with original vault used for bar and wine storage
* Turn-key restaurant/bar opportunity
* Commercial kitchen, cool room and grease trap
* Outdoor dining potential
* Disabled access and accessible amenities
* Rear laneway access
* Parking available for up to six vehicles
* Three-bedroom residence above
* Potential to live onsite or lease the residence separately
* Broad appeal to owner-operators, investors and hospitality users
* Development potential, subject to approvals

Commercial Space:

* Ready-to-go commercial kitchen
* Bar and wine storage within the original vault
* Cool room plus storeroom
* Grease trap
* Extractor plus replacement air intake
* Air-conditioned commercial space
* Outdoor dining potential
* Three toilets including accessible toilet plus urinals
* Accessible entry plus side auto-door access
* Separate water meters and separate electricity metering

Residential:

* Three-bedroom residence with vintage character
* Lift access to the kitchen level
* Zoned ducted air conditioning
* Separate sitting room plus sunroom and dining room
* Premium-grade kitchen with large stainless-steel benchtop
* Pressed metal ceilings throughout
* Suitable for owner accommodation, manager's residence or separate leasing
* Potential residential rental return of $850+ per week, subject to market conditions