Tenders for parties interested in developing the former RailCorp site on the corner of Bong Bong and Manning Streets closed on May 22.

The land was approved for sale last July. 

All tenders will be assessed by an approved tender panel.

Suggestions and rumours for the land have included a supermarket, fast-food restaurant and a conference centre.

The zoning is B2 Local Centre.

According to Kiama Council, the zone allows mixed use development, including commercial with residential on the site, and tourist-related activities.

The vacant freehold lot’s zoning and conditions include a building height of 11 metres.

The Kiama Local Environmental Plan 2011 states that the objectives of the zone are to provide a range of retail, business, entertainment and community uses that serve the needs of people who live in, work in and visit the local area; to encourage employment opportunities in accessible locations; and to maximise public transport patronage and encourage walking and cycling.

Developments within this zone that are permitted with consent include, but are not limited to, boarding houses, childcare centres, commercial premises, community facilities, educational establishments, entertainment facilities, function centres, group homes, hostels, information and education facilities, medical centres, passenger transport facilities, recreation facilities (indoor), registered clubs, respite day care centres, restricted premises, roads, service stations, shop top housing, tourist and visitor accommodation.

According to Sydney-based real estate company Chesterton International, 28 Bong Bong Street ‘‘represents an exciting opportunity to acquire a vacant lot with strong development potential’’.

Andrew Hunter, chief executive of Chesterton International, described it as an exceptional vacant site in prime position.

Mr Hunter said there had been strong interest in the property, which comprises about 5488 square metres of vacant area. 

He said he expected further progress to be made within the next few weeks. 

He also anticipated it would eventually incorporate a ground floor retail and residential component. 

‘‘They’re down to a shortlist of tenders,’’ he said.

‘‘It’s a good site, that’s why there’s so much interest in it.

‘‘Hopefully it will be a good result for Kiama as well.’’