This substantial 94-lot development site, covering 11.85 hectares, offers a unique and lucrative opportunity for seasoned developers and investors. The site previously had Development Approval (DA) that expired in September 2021, but the local council has confirmed that reinstating the DAif the new application mirrors the previous onewill take approximately 3-4 months. This allows for a relatively quick turnaround and potential for immediate project commencement.
The original DA was approved for a three-stage development: 38 lots, 39 lots, and 17 lots. There is also flexibility for further adjustments, such as reducing the stages to 38 lots (e.g., stages 13a, 13b, and 12c), offering an opportunity to optimize the projects scale and timeline based on market demand and financial strategy. Bulk earthworks for Stage 3 have been predominantly completed, significantly de-risking the projects infrastructure costs. Minor regrowth clearing will be required, offering further opportunity for cost-effective development. This sets the stage for a smooth transition into development once the DA is reinstated. Stormwater management has been largely completed for stages 5, 6, and 7 downstream, with Lots 198 & 199 already handed over to the local council (as shown in the top left corner of the survey plan). This means a large portion of the environmental and regulatory requirements are already addressed, expediting the approval and construction process. All OPW (Operational Works) engineering plans for Stage 5 (38 lots) have been completed and will be provided to the buyer upon commitment to purchase. This allows for a seamless transition into construction and provides assurance regarding the feasibility and infrastructure planning for Stage 5.
Site Features: The site contains approximately 500 meters of FRCP and gullies, which are instrumental in completing Stage 5 and offer further development potential.
Why This Opportunity Stands Out:
Significant Development Potential: With groundwork largely complete, this site is primed for swift development, minimizing upfront costs and risks.
Clear Path to DA Reinstatement: The local council has confirmed that reinstating the DA will take only 3-4 months, ensuring that the project can move forward with minimal delays.
High Demand Area: The site is located in a highly desirable development zone, and with multiple stages of the project already approved, it offers a clear roadmap for future growth.
This is a rare and highly valuable opportunity for developers looking for a high-potential project with a clear path to completion, significant upfront work already done, and a market-ready development plan.
The site offers flexibility to meet the growing need for various types of accommodation, including residential, NDIS homes (high demand), or tourism-related developments.
For more information or to discuss this investment opportunity in greater detail, please contact Prince on 0481350577.
Disclaimer:
The information contained in this listing is provided for general informational purposes only and is based on available data at the time of publication. While all efforts have been made to ensure accuracy, no warranty or representation, express or implied, is made regarding the completeness, accuracy, or reliability of the information provided. Prospective investors and developers are encouraged to conduct their own due diligence and seek independent professional advice before making any investment or development decisions. The seller or agent does not accept responsibility for any errors or omissions, or for any loss or damage resulting from reliance on the information contained herein.