22 Wason St 6,652 SF 90% Leased Retail Building Ulladulla, NSW 2539 For Sale

Knight Frank proudly presents 22-24 Wason Street, Ulladulla, a rare and tightly held investment and redevelopment opportunity in one of the South Coast’s most vibrant coastal hubs. Occupying a prominent position in the heart of Ulladulla’s CBD, this tenanted complex spans approximately 618 m² of existing improvements across a 1,157 m² site and benefits from dual street access, adjoining a council-operated car park to the rear.
The property is strategically located within the town’s core retail and business precinct, only moments from the picturesque Ulladulla Harbour and surrounded by high-performing cafés, shops, and lifestyle amenities. Its zoning under E2 Commercial Centre unlocks excellent development potential for a boutique mixed-use project or residential-led scheme, subject to council approval (STCA).
Currently 90% leased, the property generates strong holding income, providing immediate returns while maximising future redevelopment options in a supply-constrained market. Ulladulla’s growing popularity as a destination for sea-changers, holidaymakers, and investors, combined with its proximity to Sydney (approx. 3 hours) and Canberra (approx. 2.5 hours), underpins a compelling long-term capital growth outlook.