Beachside Accommodation Complex | Six Apartments | Development Potential (stca) - 2904mf
Coffs Harbour, New South Wales 2450
OFFERS ABOVE $2.5M
Key Features
AI generated. Contact seller to confirm.
- Six self-contained two-bedroom apartments
- Substantial landholding of approximately 1,100 sqm
- Strata titled, flexible retention or individual sales
- Currently permanently let, generating holding income
- Swimming pool and established onsite improvements
- Future development potential (STCA) and add-a-level option
- Turnover: Not disclosed
- Net Profit: $134,471
- Rent/Lease: Not disclosed
- Stock Value: Not disclosed
- Established: Not disclosed
Business Details
Business Category Motel
- Rare beachside accommodation and development opportunity in the tightly held Park Beach precinct.
- Comprising six (6) well-maintained, self-contained two-bedroom apartments.
- Situated on a substantial landholding of approximately 1,100sqm.
- Strata titled complex providing flexibility to retain, sell individually or reposition over time.
- Currently permanently let via an established local agency, generating immediate holding income.
- Swimming pool and established improvements in place.
- Short walk to Park Beach, cafés, restaurants, shopping facilities and major tourist attractions.
- Minutes from Park Beach Plaza, the Jetty Foreshore, Marina and the iconic Big Banana.
- Significant upside through conversion to a short-term holiday letting model, subject to owner requirements.
- Opportunity to improve income and net profitability through active management and repositioning.
- Future development potential (STCA) supported by the generous site area.
- Existing building structure may provide the ability to add an additional level (STCA).
- Multiple exit strategies available, including individual apartment sales or whole-of-asset ownership.
- Exposure to the continued growth of the Coffs Harbour tourism, lifestyle and accommodation market.
- Ideal for investors, developers, tourism operators and value-add accommodation groups seeking a scalable coastal asset.
An exceptional opportunity combining immediate income, strata flexibility, holiday letting upside and long-term development potential in one of regional NSW's most desirable coastal destinations.
Adjusted Net Profit: $134,471 for 2024/25
Contact James Carrick or Rob Urquhart from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2904MF (quote when enquiring)
Property Code: 5469
- Comprising six (6) well-maintained, self-contained two-bedroom apartments.
- Situated on a substantial landholding of approximately 1,100sqm.
- Strata titled complex providing flexibility to retain, sell individually or reposition over time.
- Currently permanently let via an established local agency, generating immediate holding income.
- Swimming pool and established improvements in place.
- Short walk to Park Beach, cafés, restaurants, shopping facilities and major tourist attractions.
- Minutes from Park Beach Plaza, the Jetty Foreshore, Marina and the iconic Big Banana.
- Significant upside through conversion to a short-term holiday letting model, subject to owner requirements.
- Opportunity to improve income and net profitability through active management and repositioning.
- Future development potential (STCA) supported by the generous site area.
- Existing building structure may provide the ability to add an additional level (STCA).
- Multiple exit strategies available, including individual apartment sales or whole-of-asset ownership.
- Exposure to the continued growth of the Coffs Harbour tourism, lifestyle and accommodation market.
- Ideal for investors, developers, tourism operators and value-add accommodation groups seeking a scalable coastal asset.
An exceptional opportunity combining immediate income, strata flexibility, holiday letting upside and long-term development potential in one of regional NSW's most desirable coastal destinations.
Adjusted Net Profit: $134,471 for 2024/25
Contact James Carrick or Rob Urquhart from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2904MF (quote when enquiring)
Property Code: 5469
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Nearby Locations
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This business is somewhat unique and has no similar competition in this region, category or price bracket.