359 Princes Hwy 3,401 SF 50% Leased Retail Building Woonona, NSW 2517 $1,592,140 ($468.08/SF) 3.86% Cap Rate

A rare opportunity awaits with this landmark mixed-use property offered in its centenary year at 359 Princes Highway, Woonona. Perfectly positioned at the gateway into Woonona’s CBD and directly opposite McDonald’s, the property guarantees unbeatable exposure. Built as a bank, it retains unique heritage charm combined with modern functionality, including hospitality-ready features and an immaculate upper-level residence.
The ground floor is configured as a fully operational hospitality venue, complete with a commercial kitchen, bar, cool room, storeroom, and accessible amenities. Design elements such as wine storage housed in the original vault highlight its character and adaptability for future concepts.
Upstairs, a beautifully appointed three-bedroom apartment delivers privacy, elegance, and convenience. Featuring pressed metal ceilings, ducted air conditioning, and a premium-grade kitchen, it provides an impressive residence above a bustling ground-level commercial space.
Ideal for investors seeking dual income, owner-occupiers desiring a home-plus-business scenario, or developers considering future potential, this mixed-use property offers multiple pathways for value creation. With rear laneway access, separate metering, and proximity to major traffic corridors, this asset combines lifestyle appeal with strong income-generating capability. Opportunities like this in tightly held Woonona’s northern precinct are extremely scarce.