Lot 4 Shara Boulevard, Ocean Shores, New South Wales, 2483

For sale

$1.5 million

Byron Shire Approved Motel Site

A rare commercial opportunity for the construction and development of a DA approved 30 Unit Motel/Resort and Restaurant on a 1.77 hectare site located in North Byron Shire. Perfectly situated at the corner of Brunswick Valley Way & Shara Boulevard to service the North Byron Parklands festival site which currently includes Splendour in the Grass, Falls Festival with additional events planned.This site has a strong potential for future growth and will service the dynamic Byron economic region, Property on the market at a realistic price for a motivated vendor.

Current plans include:

Ground Floor motel (20 × 1 room) units

First floor motel (5 × 1 room & 5 × 2 room) units

Managers Residence and Swimming Pool

Restaurant

Property Info:

  • Property ID: L777119
  • Property Type: Land
  • Land Area: 17800.0 sqm

We Know Your Area

R&H Suburb Profile: Ocean Shores

R&H Suburb Summary Houses
Number of sales 76
Average Price $745,184
Median Price $725,000
Median Rental Price $580 p.w.
Change in Rental Rate (5yr) 38 %
R&H Suburb Summary Units
Number of sales 30
Average Price $596,583
Median Price $625,000
Median Rental Price $440 p.w.
Change in Rental Rate (5yr) -8 %
Ocean Shores, NSW - Median Trend
  • Lot 4 Shara Boulevard, Ocean Shores,
    New South Wales, 2483