BEACH FRONT SITE WITH LAPSED DA FOR 14 RESIDENTIAL APARTMENTS AND PENTHOUSE OR 13 APARTMENTS, PENTHOUSE AND RESTAURANT
Held by the same family for over 70 years, this 1,170SqM site is the last undeveloped high density beach-front property left in Port Macquarie. Surrounded by quality apartment developments, these 2 adjoining blocks represent an unprecedented opportunity to build up to 8 levels (STCA) of high quality apartments – each having ocean views to the east and the north.
The corner site is located directly opposite Town Beach and offers uninterrupted northerly ocean views and filtered westerly views. The surrounding apartment strip is highly sought after by cashed-up retirees seeking a quality beach front residence. Apartments in 10+ year old adjacent and nearby buildings are currently selling in the $2M-$2.5M range.
26-28 William Street is zoned ‘High Density Residential’ and comes with a lapsed (2006) DA approved for a 7 storey residential apartment building with underground parking, containing 13 apartments, a penthouse and a restaurant, or 14 apartments and penthouse.
The location is close to all amenities and situated on a corner site with access to the rear via a low-traffic lane. The site would suit high quality 3-4 bedroom apartments of around 160+SqM internal space with full-length balconies. Similar apartments have sold recently within a 400M radius for between $1.85-$2.5M ($9-$12,000/SqM)
This is the last beach-front development site left in Port Macquarie and represents an unprecedented opportunity for the right developer.
For sale by private treaty
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