The Tweed Shire’s Teitzel family is putting up for sale a 62-hectare agricultural property in northern NSW’s Bilambil Heights that has been rezoned for residential development, with a price guide of about $182 million.
The guide, based on a rate of $293 per square metre, reflected the potential for more than 1000 homes on the 147 McAllisters Road property, a 13-minute drive from the Gold Coast and 50-minute drive to Byron Bay, Ray White Commercial agent Ryan Langham said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
