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Ray White Commercial (SC), on behalf of Greengate Advisory as the Agents for the Mortgagee, is pleased to present to the market 83 Lakewood Drive, Merimbula. This development site in the heart of the renowned Sapphire Coast is approved for a state-of-the-art seniors living project and is offered for sale via Expressions of Interest.
Set on a combined total of 3.14 Ha*, this site features a coveted DA Approval for 86 seniors living units with views and provides developers the opportunity to capitalise on the acute undersupply of comparable stock on the Sapphire Coast. The flexible R3 zoning provides further scope for residential development in a coveted location.
Merimbula is a thriving regional hub experiencing increasing popularity for both tourism and lifestyle-driven migration. Its strategic location, supported by a regional airport with daily flights to major cities, ensures excellent connectivity and underpins its appeal as a premium place to live and invest.
The site is positioned overlooking the Merimbula Lake with easy access to the town centre and local amenities.
Additional highlights of the asset include:
• DA Approval for an 86-unit seniors housing development.
• Significant Land Holding of 3.14 Ha* (31,425 sqm*)
• Flexible R3 Medium Density Residential zoning allowing for a multitude of options in addition to the current DA approvals with the northern section zoned C3 Environmental Management.
• Strong Market Fundamentals addressing the growing demand from retirees and downsizers seeking a premium lifestyle on the Sapphire Coast.
• Prime position with proximity to key amenities including the Town Centre & the Merimbula Airport (with daily flights to Sydney and Melbourne), and the new South East Regional Hospital.
83 Lakewood Drive, Merimbula is offered for sale by Expression of Interest closing on 20 November 2025 at 12pm.
For a copy of the Information Memorandum and access to the comprehensive due diligence library, please contact the exclusive selling agents.
*Approximately
Remember to mention you found this property on DevelopmentReady
Ray White Commercial (SC), on behalf of Greengate Advisory as the Agents for the Mortgagee, is pleased to present to the market 83 Lakewood Drive, Merimbula. This development site in the heart of the renowned Sapphire Coast is approved for a state-of-the-art seniors living project and is offered for sale via Expressions of Interest.
Set on a combined total of 3.14 Ha*, this site features a coveted DA Approval for 86 seniors living units with views and provides developers the opportunity to capitalise on the acute undersupply of comparable stock on the Sapphire Coast. The flexible R3 zoning provides further scope for residential development in a coveted location.
Merimbula is a thriving regional hub experiencing increasing popularity for both tourism and lifestyle-driven migration. Its strategic location, supported by a regional airport with daily flights to major cities, ensures excellent connectivity and underpins its appeal as a premium place to live and invest.
The site is positioned overlooking the Merimbula Lake with easy access to the town centre and local amenities.
Additional highlights of the asset include:
• DA Approval for an 86-unit seniors housing development.
• Significant Land Holding of 3.14 Ha* (31,425 sqm*)
• Flexible R3 Medium Density Residential zoning allowing for a multitude of options in addition to the current DA approvals with the northern section zoned C3 Environmental Management.
• Strong Market Fundamentals addressing the growing demand from retirees and downsizers seeking a premium lifestyle on the Sapphire Coast.
• Prime position with proximity to key amenities including the Town Centre & the Merimbula Airport (with daily flights to Sydney and Melbourne), and the new South East Regional Hospital.
83 Lakewood Drive, Merimbula is offered for sale by Expression of Interest closing on 20 November 2025 at 12pm.
For a copy of the Information Memorandum and access to the comprehensive due diligence library, please contact the exclusive selling agents.
*Approximately
Remember to mention you found this property on DevelopmentReady
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