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399 & 403 Macauley Street, South Albury NSW 2640

Auction

Search Band Search Visibility Band

$1.8M - $1.9M Low Confidence Calculated based on limited search observations.

Land 2042 m²

Listed: yesterday

Overview

This prime development opportunity in South Albury presents a substantial, centrally located landholding spanning two titles and totaling approximately 2,042 square metres. Positioned about 600 metres from the bustling Dean Street CBD, the site features a significant approximate frontage of 40.5 metres, offering exceptional potential for diverse development prospects.

Developers and investors will appreciate the strategic location, surrounded by established schools, residential neighbourhoods, and key transport links, which supports a variety of development outcomes. Possibilities include apartments, townhouses, or medium-density residential projects, pending council approval. This versatility enhances the site's appeal for residential development pursuits.

Adding to the flexibility, the property boasts existing Development Approval (DA) for a purpose-built 112-place childcare centre. This provides an alternative development pathway, potentially attractive to purchasers interested in commercial childcare operations, and may include consideration of a potential tenant/operator and Heads of Agreement. This existing approval extends the site's functional options beyond residential use.

Overall, whether the buyer aims for a residential project or capitalizes on the childcare DA, this substantial inner-city landholding offers a valuable combination of location, scale, and flexibility within a well-established Albury precinct.

Prime central location within close proximity to Albury’s CBD
Substantial land area across two titles (approx. 2,042sqm)
Existing development approval for a large childcare facility provides commercial options
Potential for residential development subject to council approval
Located near schools and transport links, supporting community and accessibility needs

The rarity of acquiring land of this scale so close to the CBD underscores the opportunity for interested developers and investors to explore and leverage the site's potential.
Note: All development potential depends on relevant planning controls and council approvals. Prospective buyers should conduct their own due diligence.

Local Market Insights

In South Albury, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $589,333. The property type mix of listed properties is predominantly Houses at 77%, followed by land (9%), and townhouses (5%). The most active agency for land in the South Albury area is currently Que Property Group, representing 33% of new listings, followed by Ray White with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.