Beachside Accommodation Complex | Six Apartments | Development Potential (STCA) - 2904MF

- 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 from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2904MF (quote when enquiring)

Property Code: 5469

For more details, please email broker or call agents.