JLL Metropolitan and Regional Land are pleased to exclusively present to the market Cabarita West an opportunity to create Australia's next masterplanned coastal community:
Cabarita West represents one of the largest development sites along the East Coast to be introduced to the market. Boasting over 330ha* of undeveloped land, this site has previously been underutilised, restraining the Tweed Region of critical housing stock.
The greenfield estate is ripe for development with suitable zoning and masterplanning potential for 1,500 lots+ (STCA), with an existing underlying approval for large lot residential subdivision.
Considering the magnitude of the project, any forthcoming development application may qualify as Regionally or State Significant Development. These classifications grant the option to pursue alternative masterplanning approval routes, offering an alternative to the conventional development application process through Council.
Cabarita West benefits from a prime location, located within 5 minutes drive of the coveted coastal community of Cabarita Beach, further benefitting from immediate proximity to essential amenities, including healthcare, educational and retail.
The site offers direct access to Byron Bay, the Gold Coast, and Brisbane via the Pacific Motorway.
Historically the Tweed residential market has been undersupplied despite population growth remaining robust. Faced with a growing supply/demand imbalance, the market conditions for developing a site of this scale are opportune.
The successful purchaser will acquire the ability to deliver a legacy project within the sought after Northern New South Wales Coast capitalising on the firming market conditions over the next decade.
Cabarita West is For Sale via International Expressions of Interest, closing Wednesday 22 May 2024 at 4pm AEST.
Prospective purchasers are invited to contact the exclusive agents for additional information on this opportunity.
