Coffs Harbour, New South Wales
Coffs Harbour Lodge/Backpackers Located Near the Heart of the CBD - 1P5295M
Albany Lodge is located near the heart of the CBD of Coffs Harbour on the Mid North Coast of NSW. It is now for sale for the first time in over 25 years as a Freehold Going Concern/Investment Opportunity.
Currently housing 16 permanent residents and located in a highly visible position. Central to all services, it is within walking distance of the CBD, 3.6km to Park Beach Plaza and 2.2km to the Airport.
It was originally designed and operated as backpacker lodge, however for the convenience of minimal oversight, the current owner now provides basic long-term accommodation.
The Lodge offers substantial room sizes providing the new owner with the option to offer shared rooms which may double the current income.
The Coffs Harbour bypass is due to commence soon and will add to the already high demand for longer term accommodation. This is a premium site with R3 Medium Density zoning and presents as a very attractive potential development site with medium to long term holding income or as a sound passive investment opportunity.