42 Naval Parade

Positioned just across from the St Georges Basin waterfront, and on the prominent corner of the suburb's main street, this exceptional 1925m2 double block (approx. 40m x 47m) presents a rare and highly strategic development opportunity in the fast-growing coastal community of Erowal Bay. Being one of the only properties in the suburb with both such a substantial scale as well as E1 Mixed Use Zoning, the property offers outstanding flexibility for developers seeking to capitalise on both residential and commercial demand in an area where commercial supply remains extremely limited. A current Development Application is already in place for an architecturally designed 15-unit mixed-use complex comprising of 2 luxury penthouses with uninterrupted water views, 2 commercial premises as well as ample secure parking. Much of the planning work has already been done, allowing developers to move forward with confidence. This commanding corner site benefits from excellent visibility and accessibility, making it an ideal location for ground-floor retail, hospitality, professional services, or convenience-based businesses, complemented by residential units above. Erowal Bay continues to experience strong residential growth and increasing demand for local amenities, while remaining just minutes away from Hyams Beach, Booderee National Park, as well as the stunning waters of Vincentia and Bustling restaurants of Huskisson. Key Highlights: - Large 1925m² double block with approx. 40m x 47m dimensions -Prominent corner position on the suburb's main street directly across from the waterfront -E1 Mixed Use zoning ideal for residential and commercial integration -Current Development Application for 15 residential units plus commercial premises -Excellent exposure and accessibility for future businesses -One of the only sites of this size with commercial potential in Erowal Bay -Limited commercial competition within the suburb -Close proximity to beaches, restaurants, and local amenities -Located in a rapidly growing coastal residential market Whether you are an experienced developer seeking your next project or an investor looking to secure a strategic mixed-use site with significant upside, this is a rare opportunity to shape the future commercial hub of Erowal Bay. Opportunities like this are rarely available. Contact Greg Walsh on 0400 333 700 today for any enquiries. Disclaimer: We have used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify.