Positioned within one of regional New South Wales’ fastest-growing coastal markets, 31–33 Waugh Street presents an exceptional opportunity to acquire a substantial DA-approved residential development site in the heart of Port Macquarie.

Offered for sale via Expressions of Interest, this premium 2,022 sqm* dual-frontage holding benefits from existing development consent for a thoughtfully designed five-storey residential apartment project comprising 64 apartments with strong water-view orientation across the majority of residences.

Strategically located moments from the CBD, waterfront parklands, beaches, cafés and lifestyle amenity, the property provides developers with the rare ability to capitalise on increasing demand for quality coastal housing while significantly reducing planning risk and project lead times through an existing approved DA outcome.

The approved development has been carefully designed to maximise natural light, outlook, resident amenity and operational efficiency, incorporating expansive landscaped communal areas, rooftop recreation space and efficient parking provisions across basement and at-grade levels.

Investment Highlights:

- Premium 2,022 sqm* development site with dual frontage to Waugh Street and Alva Lane
- Existing Development Consent for a 64-apartment residential development across 5 levels
- Significant planning, consultant coordination and approval groundwork already completed
- Approved Gross Floor Area of 3,619.7 sqm*
- Favourable FSR of 1.79:1 under the Port Macquarie-Hastings LEP 2011
- R4 High Density Residential zoning
- Approximately 90% of approved apartments designed to capture water views*
- Approved unit mix designed to cater to strong downsizer, investor and lifestyle occupier demand
- 75 approved car spaces across basement and at-grade parking levels
- Rooftop terrace and two landscaped communal courtyards delivering enhanced resident amenity
- Efficient site configuration with strong accessibility and dual-street access
- Approx. 110m* to Westport Park foreshore and waterfront walking trails
- Approx. 500m* to Gordon Street local retail precinct
- Approx. 750m* to the Port Macquarie CBD
- Close proximity to beaches, dining precincts, medical facilities and major lifestyle infrastructure

A Rare Coastal Development Opportunity

DA-approved apartment development opportunities of this scale and positioning are becoming increasingly difficult to secure within tightly held coastal markets.
31–33 Waugh Street offers purchasers the ability to accelerate delivery timeframes and reduce approval uncertainty while capitalising on continued population growth, housing demand and the ongoing evolution of Port Macquarie as one of NSW’s premier lifestyle and investment destinations.

The combination of scale, location, existing approval, water outlooks and proximity to key amenity positions this as one of the region’s most compelling residential development opportunities.
For further information, approved plans, or to arrange an inspection, please contact the exclusive selling agents.

*Approximate only. All development information, approvals and measurements are sourced from available documentation and are subject to the purchaser's due diligence.