Property Description
23 ACRES – DA APPROVED FOR A ‘FIVE-LOT MASTER SUBDIVISION’ INCLUDING RESIDUAL LAND
DA Approved Development Opportunity
Situated only minutes’ walk from the Nambucca Heads CBD and located across the road from the beautiful Nambucca River, take advantage of this 23-acre development opportunity with enduring DA approval for a ‘Five-Lot Master Subdivision’ including residual vacant land.
Geographic Location
Nambucca Heads is a magnificent coastal holiday town on the Mid-North Coast of NSW only five and a half hours drive from Sydney (486 kilometres) and Brisbane (437 kilometres). Coffs Harbour, which is located only a short 40 minute drive (40 kilometres) to the north, is serviced by direct flights from Sydney, Melbourne and Brisbane providing easy and fast connection with the Nambucca region.
Demographic Profile
The population of Nambucca Shire is approximately 19,212 residents with the median age of residents being 55 years, suggesting a current and future need for seniors housing and aged care development opportunities within the region. With 27% of the population over the age of 65, Nambucca Heads is proving an attractive destination for Sydney and Brisbane-based retirees because of the warmer climate, lifestyle options, house prices and more affordable living. The site provides easy access to the town centre, and is walking distance to the shopping precinct, cinema and medical centre, and only 10 minutes-drive to the existing Macksville District Hospital and the recently-announced new $73 million Macksville Hospital which will begin construction in mid-2018.
Development Details
The current development consent was approved under a previous Local Environment Plan but includes a ‘Five-Lot Master’ subdivision with the following development characteristics:
Approximately 24,500m2 or 6.05 acres of vacant land now zoned R1 – General Residential and permissible uses are not limited to but may include:
- Multi dwelling housing,
- Strata Villas,
- Residential flat buildings,
- Shop top housing,
- Neighbourhood shops,
- Community facilities,
- Respite day care centres,
- Child care facilities,
- Seniors housing; or
- Aged care facilities.
In addition, the residual land comprises approximately 21,900m2 or 5.4 acres of land zoned E3 – Environmental Management and 48,200m2 of vacant land zoned E2 – Environmental Conservation.
All services available and connected at the boundary.
Low Cost Developer Contributions
The existing development consent affords developers the opportunity to explore very low cost development contributions by comparison to today’s (2018) current council fees and charges. Section 94 contributions are only $2,695 and the Section 64 contributions are very affordable at $10,101 per additional tenement created.
Summary of Development Facts
Lot 12
DP 826934
Municipality/LGA: Nambucca Shire Council
Planning legislation: Nambucca Local Environment Plan 2010
Current land use: R1 – General Residential, E3 – Environmental Management and E2 – Environmental Conservation
Total land area: 94,600m2 or 23.37 acres
Existing DA approval: Five-lot master subdivision including residual land. Potential development considerations (STCA): Multi dwelling housing, Strata Villas, Residential flat buildings, Shop top housing, Neighbourhood shops, Community facilities, Respite day care centres, Child care facilities, Seniors housing; or Aged care facilities.
Council rates: $5,580 p.a, Water access fee: $136 p.a
Further Information
This fantastic opportunity presents astute developers with the option to explore the existing development consent or otherwise consider a vast array of alternate development options right in the heart of the thriving Nambucca Heads community.
For more information on this exceptional development prospect, or to request an information memorandum, please contact Trent today on email:
[email protected] or call 1300 732 587.
