A once-in-a-generation opportunity to deliver a transformative mixed-use precinct in the heart of Ulladulla has been released to market, with the sale of the current Bunnings site.
The circa 10,800sq m landholding at 131 St Vincent Street has recently been rezoned to MU1 Mixed Use, allowing for heights up to 21 metres and a 3.5:1 Floor Space Ratio. This sets the stage for a benchmark town centre redevelopment with approximately 38,000sq m of gross floor area including retail, commercial, childcare and residential components.
Strategically located on Ulladulla’s main commercial hub within close proximity to the harbour, shopping amenity and schools, the property is positioned to benefit from the $940 million Princes Highway Milton–Ulladulla Bypass and ongoing hospital upgrades that are reshaping the region.
The site is being taken to the market via an International Expressions of Interest campaign run by Knight Frank’s Ben Churven, Raffi Zilifian and Nathan Dunn.
The divestment follows the successful rezoning of the property by the owners with future DA approvals to sit under the State Significant Development pathway.
“This is one of the largest and most significant development opportunities ever brought to the South Coast market,” said Mr Churven. “With planning controls now in place, coupled with the current housing challenges we’re facing, it has the potential to redefine Ulladulla’s town centre as a vibrant, sustainable and liveable coastal hub.”
The Shoalhaven region is forecast to grow by 23% to 140,000 residents by 2046, with Milton–Ulladulla identified as a key housing and services centre. Migration from Sydney, Wollongong and Canberra continues to underpin demand while the local economy of circa 48,000 jobs is expanding across health care, construction, tourism and education.
The International Expressions of Interest campaign for the property will close at 4pm on Thursday, 13 November 2025.
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