8,10,12 Gore Street
Port Macquarie, NSW 2444

Overview

8 1012 Gore Street Port Macquarie NSW 2444

This rare and exceptional waterfront development opportunity is located in the heart of Port Macquarie, offering three adjoining blocks with R4 High Density Residential zoning. The combined site area totals approximately 1,533 square meters, presenting a significant land holding for a luxury residential development.

The property benefits from favourable planning controls including a 2:1 floor space ratio and a height of building limit of 19 meters, allowing for a gross floor area of 3,066 square meters. With the potential for an additional 24.7 meters height under additional residential height provisions, the permissible gross floor area can increase up to 3,985 square meters, subject to council approval.

Strategically positioned overlooking Port Macquarie's pristine waterway, the site offers unobstructed views of the Hastings River and serene sunset vistas. The regularly shaped corner parcel features massive street frontages of 81 meters, providing ease of access and excellent exposure.

Located in a lifestyle-focused area on New South Wales' North Coast, the property is close to iconic beaches, cafes, shops, and picturesque national parks with abundant trails and coastal walks. This central location is just a short five-minute walk from the CBD, waterside cafes, fine dining, the Marina foreshore, and local social clubs, delivering an ideal blend of convenience, lifestyle, and prestige.

The site currently comprises three tenanted three-bedroom cottages, providing steady rental income while development plans are prepared. This balance of immediate return and long-term potential makes it an attractive opportunity for experienced developers and visionary investors alike.

Key attributes of the property include:

• Rare 1,533 square meter site area
• Up to 3,985 square meters of permissible gross floor area
• R4 High Density Residential zoning with 2:1 floor space ratio and 19-meter height limit
• Strategic location with views of Hastings River and sunset
• Regularly shaped corner parcel with 81 meters of street frontage
• Unobstructed water views from ground floor upwards

This is a unique opportunity to unlock the potential of a significant waterfront development site in a sought-after, central location surrounded by stylish, high-quality apartments. The property offers scope for an innovative, high-return project, subject to council approval.

Council rates for the individual lots are approximately $3,500 to $3,600 per annum, and current rental income ranges from $400 to $460 per week per cottage.

Prospective purchasers are advised to conduct their own enquiries and due diligence to verify all information and assess the development potential of this exceptional property.

Location