Akuna Street exchanges

Published on 21 October 2022

Akuna Street, main

Kiama Council has today exchanged contracts on the sale of its Akuna Street landholdings to Level 33 Property Developers.

“We’re pleased to announce the exchange has occurred on this significant landholding – the largest asset Kiama Council has sold to date,” said Council CEO Jane Stroud.  

Level 33 was named as the successful applicant to purchase the Akuna Street landholdings after a rigorous EOI and tender process earlier in the year.

“We congratulate Level 33 on their success in securing this important property in the centre of Kiama. It’s an exciting development opportunity that will help shape and re-imagine our town centre. We look forward to seeing what Level 33 envisage for the site,” said Ms Stroud.

Now contracts have been exchanged, the settlement terms are 42 days. The sale price will be announced on settlement, as per the Council resolution from June.

 

 

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