Positioned in a tightly held coastal pocket of Old Bar, this 1,620m² landholding presents a rare opportunity to secure a multi-title site with immediate holding income and genuine development flexibility.
Comprising three separate titles, the property removes the time, cost, and uncertainty typically associated with subdivision, allowing purchasers to move directly into planning or staged development.
Existing Improvements & Income
The current dwelling has been configured into two self-contained units, offering immediate usability and income:
- 1 x 3-bedroom unit
- 1 x 2-bedroom unit
- Single dwelling split into dual accommodation
- Suitable for dual income, extended family living, or short-term holding strategy
- Ability to generate income while development plans are finalised
This setup provides a practical holding position, allowing flexibility to retain income while unlocking the value of the additional titles.
Site Breakdown & Configuration
- Approx. 1,620m² total landholding
- Three individual titles already registered
- Level and usable land with efficient development potential
- Flexibility to treat each lot as an independent asset
Development & Strategy Options (STCA)
- Develop across all three lots for maximum return
- Stage construction to manage risk and cash flow
- Build and sell individual dwellings into a strong coastal market
- Sell down one or more titles to reduce capital exposure
- Retain completed dwellings for ongoing rental income
- Landbank with holding income in place
Developer Advantages
- No subdivision required — immediate project readiness
- Reduced approval risk and holding time
- Existing improvements provide income + flexibility
- Multiple exit strategies across three titles
- Suitable for builders, developers, and investors
Location & Market Fundamentals
- Established coastal township with consistent buyer demand
- Strong appeal to owner-occupiers, investors, and downsizers
- Limited supply of multi-title opportunities in established areas
- Close proximity to beach, local shops, and essential amenities
The Opportunity
This is a rare coastal offering combining three titles, existing income, and flexible development pathways — allowing you to secure a site today while planning and executing future upside.
Contact us to obtain the full Information Memorandum, including title details, site configuration, and development considerations. Opportunities of this scale and flexibility are rarely available.
*Please note that while every effort has been made to accurately represent the features and amenities of the property described in this advert. Prospective buyers are encouraged to conduct their own inspections and assessments to verify the details provided. We do not guarantee the accuracy or completeness of the information presented herein.
