A 70ha greenfield site with approval for more than 150 lots in one of the nation’s hottest locations—Byron Bay—has come to market.
The amalgamated site, known as the West Byron Amalgamation, has approval for a masterplanned mixed-use community and is being labelled the biggest site on offer in Byron in recent times—and possibly the last of its size for the NSW coastal mecca.
The properties along Ewingsdale Road and Melaleuca Drive total 68.9ha over five lots.
The amalgamated site, to the north-west of the town centre, has approval for a masterplanned community of more than 150 large lots, including 124 residential lots, 25 super lots, two large neighbourhood centre lots and multiple light-industrial-zoned lots.
The land has been through an approval process for more than 10 years and the owners received development consent early last year.
The properties will be taken to the market individually or in one line via an international expressions-of-interest campaign by Tim Holtsbaum and Blake Goddard of Knight Frank.
Byron Bay was named as one of 12 hotspots around the world alongside the likes of Knightsbridge in London and the Como region in Italy in Knight Frank’s The Wealth Report 2022, chosen for its health and wellbeing elements.
The town’s forecast price growth is 30 to 35 per cent during the next five years, the strongest predicted growth of the 12 locations in the report.
Goddard said the approved masterplan was “a true rarity”.
“With the area in need of more housing availability, it will provide years of much needed supply to Byron Bay,” he said.
“The owners carefully designed and curated the approval to ensure it meets with demand from the local surrounds.
“This includes 2.5km of internal designated cycleways and a village centre to service the new community and supported by communal parks and gardens.”
Holtsbaum said the West Byron Amalgamation was in a premium location and on a scale unlikely to be seen again in the Byron Bay region.
“Byron Bay presents one of the most sought-after investment locations, driven by restricted supply and continued demand,” he said.
“We expect to field interest from buyers looking at individual holdings to develop either a residential or commercial project, for example, as well as larger developers looking to create a major masterplanned community.”
