An existing estate located in Northern NSW 69km* from Byron Bay, 59km* from Tweed Heads and 29km* from Murwillumbah.

Comprising 20 titled allotments which are part of the Neighbourhood Scheme ranging in size from 4,050m2* to 8,961m2*, a development lot (area of 156.7ha*) with approval for a further 44 lots over various stages (Lot 24 in DP286231) and Lot 1 of section 9 in DP758588 (0.1ha*), which is not part of the Neighbourhood Scheme. Zoning is 1(A) Rural and 1(C) Rural Living.

The volume of enquiry received was below average compared to other recent offerings that we have marketed

Profile of the enquiring parties has been a variety of purchasers including experienced developer / speculator groups as well as private individuals and organisations

Most groups who enquired had indicated that they had concerns about the depth of demand for the completed stock in this location.

The predominant concern centred around the complexity to wind back the community title structure which they determined as having both market acceptance issues as well as committing the incoming purchaser to delivering the community facilities associated with the approval which is financially nonviable.

 

Sale Analysis*
Method of Sale:Offers to Purchase
Marketing Time Frame:6 Weeks
Sale Date:March 2015
Total Enquiries:24
Total Offers Received:7
Total Realisation:$1,100,000