Nambucca Heads, NSW 2448

Ras360 Property Solutions is pleased to present 1962 Giinagay Way, Nambucca Heads, a rare opportunity to secure a substantial dual-title landholding with immediate income and significant development upside in one of the Mid North Coasts most tightly held coastal markets.

Set across approximately 8,000sqm and positioned within the flexible R1 General Residential zoning, the property offers a broad range of development outcomes including apartments, townhouses, seniors living and mixed-use projects (STCA). With a favourable 0.65:1 FSR and 10 metre height limit, the site is capable of supporting a meaningful scale project in a location where opportunities of this size are increasingly limited .

A key point of difference is the existing, well-established motel operation, providing immediate holding income while future plans are considered. The motel comprises 11 rooms and delivers consistent performance, with approximately 70% occupancy and a $160 average daily rate, supported by repeat trade and a stable customer base .

The sites natural topography enhances its development appeal, with an elevated frontage offering a more flood-resilient building platform, while the rear of the property lends itself to open space or lower intensity uses. This allows for a strategic and efficient design outcome. For qualified parties, the listing agents have A Preliminary Planning Assessment and Pre-purchase Environmental Planning assessment available upon request.

The site comprises two lots with a combined land area of approximately 8,000sqm. It is currently occupied by The Jabiru Motel - operating under tourist and visitor accommodation land use, and its located within Zone R1 General Residential under the Nambucca Local Environmental Plan 2010 (Nambucca LEP 2010). The site is situated within a permissive residential zone that supports a wide variety of medium and higher density development types including residential flat buildings (apartments), multi dwelling housing (townhouses), shop top housing, seniors housing and boarding houses. Under applicable planning controls an FSR of up to 0.65:1 is achievable delivering a maximum gross floor area of approximately 5,200sqm across the combined site. Building heights of up to 10 metres are permissible which providing scope for three-storey built forms.

Positioned along Giinagay Way with excellent exposure and connectivity, the property benefits from proximity to key regional centres including Coffs Harbour and Port Macquarie, as well as the lifestyle drawcards of beaches, riverfront and coastal amenities that continue to drive strong population growth and housing demand in the region.

Opportunities combining scale, flexible zoning, existing income and genuine development upside are rarely offered in Nambucca Heads.

Offered under an exclusive Expressions of Interest Campaign.

**Exclusively offered to the market by Ras360 Property Solutions**