46 Orient Street

Batemans Bay NSW 2536

1303 m²

House

Currently for sale - view listing

Overview

Prime development site, in the heart of the Batemans Bay CBD.

The property at 46-48 Orient Street sits directly within the core commercial, retail and residential axis of Batemans Bay. Zoned R3 (Medium Density Residential) with close proximity to the CBD, it falls inside the town centre planning framework aimed at boosting housing supply, choice, and multi-storey commercial or residential transition. Following the recent revision of the Batemans Bay Masterplan, a shift from older restrictive planning frameworks to the new revised plan focuses Orient Street as a primary connector in the plan. 46-48 Orient Street site is now positioned to leverage shop-top housing, multi-storey townhouses, and mixed-use commercial expansion. • Current building height limits of 11.5m. • Current zoning R3 medium density. • Council lane located at the rear. • Street front metreage - 42.2m. The master plan supports mid-rise development on R3 blocks of this scale, actively encouraging the transition of standard lots into higher-density housing and mixed-use business. This makes 46-48 Orient Street highly buildable and commercially attractive across a range of strategies. The northern portion of the site features a beautifully renovated four bedroom home with an open plan kitchen, living and dining area and northwest facing deck, plus a separate, generously sized one bedroom studio with its own kitchen and full bathroom. The southern half of the site is fully cleared and development ready. The astute developer will see a multitude of options. • Retain rental income from the existing improvements to offset holding costs while progressing plans for medium density development • Demolish the existing residence and proceed directly to development • Hold the current improvements as the surrounding precinct appreciates in value, scaling investment as and when suited With a substantial land parcel, no significant site constraints, and active support from Eurobodalla Shire Council as a key development site within the master plan, 46-48 Orient Street presents a rare combination of scale, location and planning certainty. A genuine opportunity in one of the region's most strategically important growth corridors - serious consideration is strongly recommended. Rates: $5686.20 per annum Zoning: R3 Medium Density Residential Land size: 1303m2 Potential rental income: $750 per week Contact Dawn Mason from Ray White Batemans Bay today on 0424 847 522 for more information or to arrange an inspection! Disclaimer: All information contained herewith is provided by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Interested parties should make their own enquiries.