20.52Ha* Coastal Infill-Development Opportunity (RECEIVERS & MANAGERS APPOINTED)
Ray White Commercial (SC), on behalf of KPT Restructuring as the Receivers and Managers appointed, is proud to present an exceptional opportunity to acquire Lot 200 Lakewood Drive, Merimbula, a substantial 20.52 hectare* development site now available for sale via Expressions of Interest.
This blank canvas offers a unique chance for developers and landbankers to capitalise on the region's growing appeal. The site boasts three distinct parcels of land with breathtaking panoramic views. With a mix of R2 Low Density Residential zoning and R3 Medium Density Residential zoning on the lakeside parcels, the possibilities for a vibrant and diverse community are immense.
Merimbula is a thriving regional hub experiencing increasing popularity for both tourism and lifestyle-driven migration. Its strategic location between Sydney and Melbourne, coupled with the convenience of a regional airport offering daily flights to major cities including Sydney, Melbourne, and Canberra, ensures excellent connectivity for residents and visitors alike. This accessibility underpins Merimbula's appeal as a desirable place to live and invest.
Key Highlights of this Exceptional Development Opportunity:
• Expansive Site Area: A significant 20.52 hectares (205,200 sqm*) providing ample scope for a master-planned community.
• Flexible Zoning: A desirable mix of R2 (Low Density Residential) and R3 (Medium Density Residential) to cater to a diverse range of housing needs.
• Excellent Connectivity: Just 4.5km* from Merimbula Airport, with recently announced proposed upgrades further enhancing its capacity.
• Strong Market Growth: Benefit from substantial year-on-year house price growth in a consistently performing region.
• Proximity to Town Centre: Conveniently located 2.1km* to Merimbula's vibrant town centre, offering easy access to amenities, beaches, and attractions.
• Development Ready (S.T.C.A): Permissible building heights of 10m and Floor Space Ratios (FSR) of 0.6:1 (R2) and 0.5:1 (R3) provide a clear framework for development.
• Ideal Development Potential: Perfectly suited for a residential development with a focus on creating attractive low and medium-density housing.^
Lot 200 Lakewood Drive, Merimbula is offered for sale via Expressions of Interest closing Thursday 15 May 2025 at 12pm (AEST).
For further information, please contact the exclusive selling agent below.
* Approximately
^ Subject to Council Approval
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