Executive Summary
A rare opportunity to acquire a 2.88ha residential development site in one of Old Bar's most tightly held growth locations. Predominantly R1 General Residential and supported by concept plans for a 33-lot subdivision (STCA), the property offers immediate development upside, flexible staging, and strong long-term fundamentals.
Ideal for developers, land bankers, or strategic investors seeking scale, zoning certainty, and exposure to a high-demand coastal market.
________________________________________
Site & Development Overview
Land Area: 2.88ha (approx. 7.1 acres)
Zoning: Predominantly R1 General Residential
Frontage: Dual frontage to Harrogate Lane & Old Bar Road
Concept Plans: 33-lot residential subdivision (STCA)
Development Benefits: Reduced lead time, strong access, and end-buyer appeal
________________________________________
Existing Improvements & Holding Income
Fully renovated brick residence (~460m²)
Four bedrooms plus study, multiple living areas, two ensuites
Detached, separately metered granny flat
Suitable for holding income or project accommodation
________________________________________
Infrastructure
Updated septic system with current Certificate to Operate
Existing improvements reduce upfront capital expenditure
________________________________________
Location & Market
950m to Old Bar Town Centre
1.7km to Old Bar Beach
Close to schools, shops, cafes, and amenities
Old Bar continues to experience strong demand, limited land supply, and consistent buyer depth for new residential estates.
________________________________________
Investment Highlights
Large coastal landholding in a tightly held market
Favourable zoning with planning work already completed
Dual frontage enhances development efficiency and value
Holding income and long-term capital growth potential
DISCLAIMER: Every effort has been made to ensure the information in this advertisement is accurate; however, Heritage Real Estate cannot guarantee its accuracy and recommends that interested parties make their own enquiries. Images may be digitally enhanced, virtually staged, contain AI-generated furniture or otherwise altered, and are indicative only.
