MIXED USE RESIDENTIAL / LAND SUBDIVISION SITE AT YAMBA
Prime residential development site consisting of 7.7 hectares zoned Residential 2(C) allowing residential subdivision, flat buildings and a neighbourhood shopping centre, PLUS a 10.5 hectare waterfront environmental protection allocation zoned 7(d).
The developable 7.7 hectare portion on the eastern end benefits by having two street frontages and would be suitable for the subdivision of 108 house blocks including a mix of residential flat buildings, townhouses, neighbourhood shopping centre, aged care facility, hotel and private hospital. The consent authority for subdivision under SEPP71 comes under the control of the Dept of Planning as a Major Projects SEPP.
The highest and best use of the site would seem to be a continuation of a DA for 600 Villa Units with 100 bed Nursing Home, 100 Hostel Units and a neighbourhood shopping centre. DA has previously been approved for the first 100 villas.
The subject land is being sold unconditionally.