Information Memorandum For Sale by Expressions of Interest
307 Princes Highway, Albion Park Rail
NSW, 2527
Outline indicative only
Knight Frank / 307 Princes Highway, Albion Park Rail / 3
Contents
Executive summary Investment highlights Market overview Location lifestyle highlights
pg 05 pg 06 pg 07 pg 10 pg 12 pg 13 pg 14
Site plan
Financial summary Sales process
Outline indicative only
Knight Frank / 307 Princes Highway, Albion Park Rail / 5
Executive summary
Address
307 Princes Highway, Albion Park Rail, NSW 2527
Description
Knight Frank, as the exclusive sales agent, is delighted to present this exceptional land and asset package in Albion Park Rail—one of the Illawarra’s most well-connected and high-growth suburbs. This property offers a significant residential development opportunity, with zoning designated as R2 Low Density Residential. Located in the heart of the Illawarra region, Albion Park Rail is situated 90 minutes south of Sydney and only 20 minutes from Wollongong CBD, offering exceptional connectivity and convenience. Just a short drive from Shellharbour City Centre and the stunning beaches of the South Coast, this thriving suburb enjoys easy access to key transport links, including the Princes Highway, Shellharbour Airport, and the South Coast train line. With a strong sense of community, excellent local amenities, and ongoing infrastructure development, Albion Park Rail presents a prime opportunity for residential growth and investment.
Location
Title
Lot 3 DP 809953
Local Government Area
Shellharbour City Council
Planning Scheme
Shellharbour Local Environmental Plan 2013
Site Area
1,924 sqm*
Specifications
3 Bedroom House with Vacant Possession
Zoning
R2 Low Density Residential
Sale Process
For Sale by Expressions of Interest closing Thursday, 12 June at 3:00pm Ben Mostyn M: 0477 213 947 E: Ben.Mostyn@au.knightfrank.com
Selling Agent
*Approx.
Investment highlights
Site area 1,924 sqm*
Zoning
Development potential Surrounded by townhouse developments.
R2 Low Density Residential
Housing demand
Gateway location
Highway frontage
Strong population growth rates are forecast to continue through the next two years.
Minutes’ drive to schools, shops and public transport.
Ease of access and prominent frontage to the Princes Highway.
*Approx.
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Market overview
With a solid future pipeline, developer confidence is clear, with the market well placed to absorb supply. The strong economic fundamentals and solid foundation as a regional capital, its relative affordability and changing landscape of the office market will continue to strengthen the housing market as a location to live and invest in the future.
Port Kembla gas terminal Australian Industrial Energy (AIE) is developing NSW’s first energy import terminal at Port Kembla near Wollongong. With NSW currently importing more than 95% of the natural gas it uses from other States, the Port Kembla Energy Terminal will deliver a new source of energy to the market to meet predicted supply shortfalls and could supply more than 75% of NSW’s gas needs. It is estimated the Project will create around 130 – 150 jobs during construction and between 40 – 50 ongoing roles at a cost of around $250 million. BlueScope major projects BlueScope has >$2B of major projects in the pipeline. Five major manufacturing projects are either approved or approaching final investment decision (FID), including: • $1B+ | 6BF Reline • $414M | Metal Coating Line 7 (MCL7) | Approved • $400M+ | Advanced Steel Manufacturing Precinct (ASMaP) • $150M | Berth Upgrades (Project CLIP) | Approved Phase 1 Berth Repairs • $70M | Pipe & Tube Mill | Approved Port Kembla master plan • 18-month program to create a ‘vision’ for the re- imagination and transformation of land surplus to steel making needs • Appointed world-leading architects and urban designers, Bjarke Ingels Group • Should unlock a wide range of new uses and enable significant long-term economic and social value for the whole Illawarra.
The Illawarra; a strategic gateway location The last decade has seen a strong expansion from education and tech businesses in the CBD, which have joined professional and financial services as among the largest office occupiers. Wollongong’s office market is up to 33% more cost effective than Sydney, Melbourne or Parramatta CBDs and has a higher staff retention rates. The advantageous access to a continual supply of job-ready graduates from one of Australia’s top universities, together with the city’s strategic and compelling connectivity to both Canberra and Sydney. New infrastructure and projects The Waterfront Shell Cove The Waterfront, Shell cove is a major coastal master-planned residential, commercial and tourist development located within the Shellharbour local government area, located approximately 10km from Albion Park Rail. Shell Cove is the largest coastal tourist/residential development ever initiated by a local government authority in Australia. Once fully completed the $1.5 billion development will offer over 3,000 prime residential lots, 275 berth marina, hotel and community facilities. The world-class Shellharbour Marina, Dining Precinct and waterfront Tavern all opened in late 2021. A state of the art community centre, library and Crowne Plaza Hotel are all currently under construction and expected to open in 2025. The project is being delivered by Shellharbour City Council and Frasers Property Group has already created hundreds of jobs for the local community and upon completion will become a premier tourist destination on the South Coast.
Source: Knight Frank Wollongong Insight Report 2023 & BlueScope Major Projects Update i3net Town Hall 2023
Shellharbour (8 mins*)
Durgadin Drive Retail Park
Bunnings Warehouse
South Coast Train Line
*Approx. Outline and points of interest indicative only
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Park Central Retail Park
307 Princes Highway, Albion Park Rail
A connected and thriving lifestyle destination
A premier opportunity for residential growth and lifestyle. Nestled in the thriving Illawarra region, Albion Park Rail offers a seamless blend of natural beauty, lifestyle amenities, and cultural attractions, making it an ideal location for residential development. Future residents can immerse themselves in scenic rainforest walks, mountain bike trails, and picturesque golf courses, while enjoying unique local highlights such as heritage steam train rides and the HARS Aviation Museum, celebrating Australia’s aviation legacy. With a strong community, excellent transport links, and ongoing infrastructure investment, Albion Park Rail presents an unparalleled opportunity for modern living in a dynamic coastal environment.
Flying High Albion Park Rail is home to the renowned HARS Aviation Museum, showcasing an impressive collection of military and commercial aircraft. Visitors can explore iconic planes like the Qantas 747-400, famed for its historic non-stop flight from London to Sydney, the Catalina flying boat, and the Lockheed Super Constellation. During Tarmac Days, guests can sit in the cockpit of select aircraft, with exclusive experiences like a wing walk available. The annual Wings Over Illawarra air show further cements the area as a premier destination for aviation enthusiasts.
Illawarra Regional Airport Located next to the HARS Aviation Museum, Illawarra Regional Airport offers exciting opportunities to take to the skies. Visitors can enjoy breathtaking scenic flights over the stunning South Coast or even experience hands-on flying lessons. Several operators, including Touchdown Helicopters, Five Points Aviation, and NSW Air Flight Training, provide unforgettable aerial experiences, making Albion Park Rail a dynamic hub for aviation and adventure.
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Outdoor Adventure Albion Park Rail offers easy access to stunning natural landscapes. Greenvalleys Mountain Bike Park provides exciting trails for riders of all skill levels, while Macquarie Pass National Park features the scenic Cascades Walk, where lyrebirds and platypus can sometimes be spotted. More experienced hikers can tackle the Clover Hill Trail, a 6km return route leading to Rainbow Falls, passing through open fields and lush bushland.
Tourism Albion Park Rail offers a range of accommodation options, from motels and cosy cottages to the elegant Ravensthorpe, a grand heritage guest house set on three acres of stunning gardens. Reminiscent of a small French château, it provides a charming retreat for visitors seeking a refined countryside escape.
Ride & Slide Albion Park Rail offers plenty of family-friendly excitement just minutes away. Thrill-seekers can tackle the giant water slides at Jamberoo Action Park or soar through the treetops on Australia’s highest zip-line at Illawarra Fly Treetop Adventures. History buffs can enjoy a nostalgic ride on steam, diesel, and miniature trains at the Illawarra Light Railway Museum, while golf enthusiasts can take on the 18-hole Calderwood Valley Golf Course, nestled beneath the stunning Illawarra Escarpment.
Interconnectivity Albion Park Rail is conveniently located 90 minutes south of Sydney via the scenic Grand Pacific Drive. Travellers can take a direct train from Sydney to Albion Park Rail Station, with a journey time of approximately 2.5 hours. Shellharbour Airport, situated within Albion Park Rail, offers flights from Brisbane and Melbourne, providing the fastest access to the region’s stunning beaches, renowned surfing, golf courses, and scenic bush walking trails.
Source: www.visitnsw.com/destinations/south-coast/shellharbour-area/albion-park
Site plan
Outline indicative only
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Financial summary
Outgoings Council rates Water rates
PA
$2,524.00 $840.04 $3,364.04
Total
307 Princes Highway, Albion Park Rail
Outline indicative only
Sales process
307 Princes Highway, Albion Park Rail is being offered for Sale by Expressions of Interest closing Thursday, 12 June at 3:00pm. Inspections Exclusive agents
All inspections are via appointment. To arrange an inspection, please contact the exclusive agent. Enquiries All enquiries must be directed to the exclusive selling agent. Changes to the process The vendor reserves the right to alter the process at its discretion. The vendor is not responsible for any cost or expenses incurred by an interested party in preparing and lodging an Expression of Interest or in taking part in the process, whether or not the party is successful or whether or not the vendor terminates, varies or suspends the process or takes any actions available to the vendor.
Ben Mostyn M: 0477 213 947 E: Ben.Mostyn@au.knightfrank.com
Knight Frank / 307 Princes Highway, Albion Park Rail / 15
Disclaimer
This information memorandum has been prepared as a general outline only for the guidance of potential purchasers. It does not constitute advice, a valuation or an offer or contract by Knight Frank, or any of the vendors or their related entities or associates. Knight Frank has prepared this information memorandum for the private and confidential use of the recipient only. It is not to be distributed or reproduced in whole or in part without the prior written consent of Knight Frank. This information memorandum has been prepared in good faith and with due care. It does not purport, however, to contain all of the information that potential purchasers may require. In addition, it contains information provided by the vendors or third parties, which Knight Frank has not independently verified. Potential purchasers should not rely on any of the information in this information memorandum (including but not limited to figures, calculations, descriptions, photographs, dimensions, references to conditions or permissions for use and occupation) as statements or representations of fact. Areas, amounts, measurements, distances and all other numerical information is approximate only. Any photographs show only certain parts of the property as it appeared at the time they were taken. Except where otherwise provided, all references to rent, income or price are GST exclusive. Potential purchasers must make their own independent inspection and other enquiries to satisfy themselves as to the accuracy, correctness and completeness of the information. Potential purchasers should also seek independent financial, taxation, accounting, legal and other advice to assist them in making their own decisions and assessment appropriate to their circumstances. Any projections, analyses or other forward looking information are estimates only, are not representations of future matters and may be based on assumptions that, while currently considered reasonable, may not be correct. Actual results may vary from projected results (and variations may be material). No employee, agent or representative of Knight Frank or any of the vendors is authorised to make or give any representation or warranty whatsoever in relation to this property. To the extent permitted by law, Knight Frank, the vendors and each of their related entities and associates expressly disclaim any liability for any direct, indirect or consequential loss or damage (whether foreseeable or not) which may arise out of or result from any person or entity, or their agents or representatives, acting on or relying upon all or any part of the information contained in this information memorandum notwithstanding any negligence, default or lack of care. To the extent permitted by law, the property will be transferred or sold “as is” and “with all faults”, without any representation or warranty as to its condition, fitness for any particular purpose, or compliance with any relevant law, regulations or codes. The vendors reserve the right, at their sole discretion, to postpone or cancel the proposed transfer or sale of the property and to modify or add any terms and conditions to any proposed contract, vendors’ statement or other material associated with the proposed sale, which may be made available to a potential purchaser. Nothing in this disclaimer should be interpreted as attempting to exclude, restrict or modify the application of any applicable provisions of the Australian Consumer Law or a person’s rights to make a claim in respect of any consumer guarantees or other provisions of the Australian Consumer Law.
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