679 Pacific Highway, Boambee East, North Coast

In the realm of real estate, few opportunities hold as much promise as a

2.77-hectare property zoned for medium density residential use. Such

properties are highly sought after for their potential to meet the growing

demand for housing. However, it is essential to consider various factors

that can impact the development process and capitalize on the property's

value.

One crucial factor to address is the presence of a Flood planning zone,

which encompasses approximately 36% of the property. While this may raise

concerns, it also presents an opportunity for innovative design and

engineering solutions to mitigate flood risks efficiently. By working

closely with experts and local authorities, developers can create a safe and

sustainable residential environment that caters to the needs of future

residents.

Additionally, the C2 environmental conservation zoned component of the land

offers an exciting prospect for incorporating green spaces and promoting

ecological balance within the development. Incorporating sustainable

practices and preserving natural habitats can enhance the overall appeal of

the project, attract environmentally conscious buyers, and contribute to the

overall well-being of the community.

The presence of a significant three-bedroom, two-bathroom double garage

home, along with a self-contained granny flat, adds further value to the

property. This allows for immediate income potential by land banking and

securing potential tenants while awaiting future development. This strategic

approach not only generates revenue but also demonstrates foresight in

utilizing the existing structures to their fullest potential.

Moreover, the current Development Application lodged for a multiple

residential development on adjacent land (ref No 0493/23DA) provides an

excellent opportunity for collaboration and synergy. By coordinating efforts

with the neighboring development, developers can create a harmonious and

integrated residential precinct that maximizes convenience and amenities for

future residents.

Potential buyers are strongly encouraged to contact council re zoning

implications and also their own independent advice re potential development.

In conclusion, the 2.77-hectare property zoned for medium density

residential use holds immense potential for developers willing to think

innovatively and strategically. Embracing flood mitigation measures,

incorporating green spaces, leveraging existing structures, and

collaborating with neighboring developments can unlock the true value of

this property. By doing so, we can create a vibrant and sustainable

community that meets the needs of today and tomorrow.

URL: www.unre.com.au/pac679

RATES: $1,897 pa (approx) LAND SIZE: 2.770 hectares BUILT: 1977 (approx)

Whilst every care has been taken in respect of the information contained herein no warranty is given as to the accuracy and prospective purchasers should rely on their own enquiries.