Skip to content

2 Parrabel Street

Bega NSW 2550

$1,100,000

North Bega Development & Lifestyle Potential

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.

Contact Matthew today for further information or to arrange an inspection.

Features

General Features

  • Land Size: 7,815sqm

Can I afford 2 Parrabel Street?

Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.

Calculators

Property guides and resources

Downsizing in 2026: Why Simpler Living Is Shaping the Property Market

If there’s one clear theme emerging across Australia’s property market in 2026,…
Read more

Local Inner West Real Estate Team Returns Home To Elders

Elders Real Estate is proudly welcoming Elders Sydney Inner West back into…
Read more

Australia’s Rental Market in 2026

Australia’s rental market continues to be one of the most talked-about parts…
Read more