An acre of land in the northern Illawarra is on the market - but there's a catch.
Namely, it's unlikely the new owner will be able to build a house on the land.
Selling agent, William Woods from @realty said the land was "basically scrub and trees... It's like a big rainforest".
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The property, located at Lot 3 & 4 Station Road, Otford has an asking price of $250,000.
Given the previous sale price of $125,000 in 2018, the seller could essentially double their money.
Mr Woods said the owner had held the land and land-banked while hoping for a rezoning and considering recreational uses.
Mr Woods said the owner had relocated interstate and was selling to free up some cash.
According to the property's marketing, the land size and C3 zoning provides opportunities such as developing a boutique tourism or hospitality venture; creating a unique retail or service business serving the growing regional community; and establishing a specialised commercial operation taking advantage of the natural setting.
"This rare opportunity presents exceptional potential with C3 zoning in one of NSW's most enchanting locations," the property's marketing states.
Under the Zone C3 Environmental Management zoning, permitted with consent uses do include dwelling houses; as well as animal boarding or training establishments; bed and breakfast accommodation; community facilities; farm buildings; farm stay accommodation; and home businesses.
Prohibited uses under the zoning include multi-dwelling housing; residential flat buildings; retail premises; and seniors housing.
However, Mr Woods said eco-tourism, recreation areas, conservation and private casual camping [two days at a time for a total of 60 days per year without requiring council approval] were among the potential uses.
"There are some restrictions with the zoning... You could probably create a short-term hospitality set-up, events planning like glamping," he said.
"But as far as building a house, it's highly unlikely that would be approved due to the nature of the land and the zoning."
Mr Woods said interested buyers were somewhat restricted as it would be difficult to secure financing for the property, meaning it would likely be a cash buyer.
He said a new owner could also land-bank it and hope for a future rezoning.
Mr Woods said it would likely be a niche buyer, as "it's not a mass market property".
"It could be a very temporary set-up, but it's really more for events or agriculture," he said.
