New development site near NSW beach generates attention

A 3.5 hectare development site in Kingscliff is being brought to market by Colliers International, with expectations that buyer interest will be high.

Located at 16-20 Kingscliff Street and 90-92 Pearl Street, it consists of six separate titles and has a number of workable development opportunities, according to Darrell Irwin and Geoff Lamb from Colliers International.

Being marketed using an expressions of interest campaign, Irwin said the site already has approval for one type of development.

“Combined, the site has approval for a seniors living development, so there is an opportunity for a retirement village developer or operator or a residential aged care provider to buy the property,” he said.

“However, there certainly is scope for an alternative residential development on the site – while there currently isn’t approval for this, our preliminary enquiries with council indicate an application would likely receive favourable consideration."

His assumption is that the highest and best use for the site could be a small lot subdivision or townhouse development.Meanwhile, Lamb said Kingscliff is ideal for residential development in terms of location.

“It is just a block from the beach and is within walking distance of the Kingscliff Beach Bowls Club, the Kingscliff Shopping Village, Kingscliff Hotel and retail shops, which have numerous cafes and restaurants,” he said.

“Kingscliff is situated on the New South Wales’ north coast, just to the south of Coolangatta and Tweed Heads and is a very sought after area that has been growing in popularity amongst residential property buyers in recent years."

The Kingscliff listing of six titles currently has four of them home to houses, one home to a childcare centre and the last, of 3.018 hectares and the majority of the site, being vacant.

The campaign closes on October 23.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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