Kiama's landmark CBA site sells for $4.55m to Sydney fitness company
The iconic 430-square-metre Manning Street property sold for $4.55m. The buyer is based in Sydney and linked to an international fitness company.
A well-known commercial building in Kiama was sold for $4.55 million. The building was the long-time home of the Commonwealth Bank.
Located at 2 Manning Street, the property was 430 square metres. The property was a freehold site owned by a local couple.
The buyer is based in Sydney and linked to an international fitness company. The buyer has flagged this use for the site.
The buyer also likely plans to develop the building. The zoning could allow residential use and hotel or motel rooms.
The property last sold in 2015 for $2.6 million. The site changed hands for nearly $2 million more.
The site has uninterrupted harbour and coastal views.
- $4.55 million
- Sale price
- $2.6 million in 2015
- Previous sale price
- 430 square metres
- Property size
- 521 square metres
- Internal space
Why it mattersIt shows Kiama is drawing interstate investment. It signals possible new mixed-use development on a key South Coast location.
AustraliaThe conversion could bring a new fitness facility and possible accommodation to Kiama's commercial centre, adding amenities for the South Coast region.
✓ Claims checked against the source and corrected before publish. checked 54 min ago
