:: Irrigation Licence
Situated in the path of Coffs Harbour’s urban expansion, the potential Residential Yield 300+ lots gives an opportunity for developers to buy in at the ground floor and participate in the future of Coffs Harbour.
- 55 hectares of which 29 hectares has been identified as suitable for residential development using the combined mapping and plans of the Draft North Boambee Valley Structure plan and estimates from consulting surveyors.
- Coffs Harbour City Council forecast rezoning of the land to residential after completion of the planning process to State Government satisfaction.. An Interim “hands off” income of $180,000 per annum is achievable to new owners whilst retaining primary producer status and tax advantages. The owners of this land are farmers, they are realistic sellers with price expectations that reflects an early bird price considering the forecast time considerations for the development.
- Rarely does land with a projected 300 plus lot yield in the path of Coffs Harbour’s Urban expansion come on the market. Opportunity knocks.
- The draft structure plan identifies a yield of 10-12 single houses per hectare and 16-28 multi unit housing for residential land within 5 minutes walking distance of the village centre precinct. Forward thinkers will appreciate the impressive physical attributes presented by this land and how appealing the residential community will be when all lots are developed. Picture a development where pockets of residential housing will be screened by tree corridors, waterways and attractive valley to mountain views. This land will adjoin a village centre precinct but still only minutes from Coffs Harbour city centre. To appreciate the huge potential of this land, buyers must first inspect the land and study the draft structure plan documents.