2 Parrabel Street
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About this property
Set in North Bega on a substantial 7,815sqm parcel, 2 Parrabel Street presents an opportunity to secure a large holding with flexible R5 Large Lot Residential zoning. Formerly the site of the old Bega Motel, this property has been unused for several years, but its real value lies in the scale, zoning, and future potential of the land. The R5 zoning allows for a wide range of opportunities suited to rural lifestyle or enterprise. Permitted uses include a dwelling, home business or home industry, environmental protection works, and several agricultural activities. Potential developments may include education facilities, landscaping material supplies, plant nurseries, pond-based aquaculture, or roadside stalls, subject to council approval. Positioned in the heart of North Bega, the location is highly convenient. The property sits just moments from the highway, close to the well-known Bega Cheese factory, and only a short drive into the Bega CBD. Elevated sections of the land may also capture appealing outlooks across the surrounding area. Properties of this size and zoning within town limits are becoming increasingly difficult to secure. For developers, business operators, or buyers looking for space and flexibility, this site offers the chance to revitalise what was once a well-known North Bega location.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 7815 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Bega
This land in Bega, NSW 2550 sits within reach of public transport, local shops and nearby schools. It is listed 52% above the $725,000 median of 67 comparable landswithin 5 km.
Schools near Bega
- Sapphire Coast Anglican Collegecombined · K-12 · CoEd
- Bega Valley Public Schoolprimary · K-6 · CoEd
- Mumbulla School for Rudolf Steiner Educationprimary · K-6 · CoEd
- Thomas More Christian Montessori Schoolprimary · K-6 · CoEd
- Bega High Schoolsecondary · 7-12 · CoEd
What's nearby
- Church St at Carp St (bus) — 1.8 km away
- Tradelink Showroom — 1.7 km away
- Bega Cheese Apex Park — 728 m away
- Unnamed — 1.2 km away
- Apex Park — 1.3 km away
Bega at a glance
Full suburb profile- Population
- 5,013
- Median age
- 43
- Household income
- $1,196/wk
- Median rent
- $320/wk
- Median mortgage
- $1,408/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Bega price trend
Median sold · House 3 bed
Compound growth +0.3% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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