Lot 4 Shara Boulevard, Ocean Shores, NSW 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

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Property Info:
  • Property ID: L777119
  • Property Type: Land
  • Land Area: 17800.0 sqm
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R&H Suburb Profile: Ocean Shores

R&H Suburb Summary Houses
Number of sales 91
Average Price $801,053
Median Price $785,000
Median Rental Price $590 p.w.
Change in Rental Rate (5yr) 15 %
R&H Suburb Summary Units
Number of sales 31
Average Price $569,867
Median Price $565,000
Median Rental Price $455 p.w.
Change in Rental Rate (5yr) 16 %
Ocean Shores, NSW - Median Trend
$785,000