The “largest parcel” of vacant land currently on the market in Dubbo’s central business district presents a new development opportunity.
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The more than 15,600-square metre block in Talbragar Street is listed for sale at $3.75 million plus GST.
Zoned ‘B3 - Commercial Core’, a number of different uses are possible including bulky goods, retail, medical suites, and office space.
The land is next door to the city’s Aldi store.
Advertising signs have gone up on site in recent weeks as the land went on the market.
Selling agent Andrew McDonald of Andrew McDonald Commercial said it was the largest parcel of land in the CBD currently available for purchase.
The site has development approval [DA] for more than 4200-square metres of mixed use development, but Mr McDonald says there are different options for prospective buyers to consider.
“[Plans were] approved several years ago and that’s still in place, but it’s not constrained to that approval,” he said.
“If someone wanted to pursue [something new], it would be a matter of submitting a new DA.”
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Mr McDonald reported receiving about a dozen inquiries already.
“Nothing solid yet, but it’s early days,” he said.
The vendor was also prepared to subdivide, if someone was not wanting to buy the whole parcel, the agent said.
At least one interested party was interested in a one-third portion of the site, he said.
Among potential buyers, there had been an even mix of “local interest and out of town interest”.
“This is an opportunity, the city continues to grow and expand,” he said.
“There’s some vacant land in the CBD, but not a lot, so this is an opportunity on what is such sizable site.”
The property is located opposite Victoria Park and is flanked by Dubbo Railway
Station on its western boundary and the Aldi supermarket to its east.
It has Talbragar Street frontage of about 267 metres.
The zoning is the same as other areas of the CBD, under the Dubbo Local Environmental Plan 2011.
Years ago, the land south of the railway line had been owned by Pacific National before it was sold off, and Aldi had acquired about a third of it, Mr McDonald said.