Coffs Harbour, New South Wales

Business For Sale - Solid Property Investment - ID 9061 H

$8,000,000

Property Description

Ocean Views, Once In A Generation Opportunity, First Time Offered To The Market

- 22 Apartments of various configurations (18 freehold lots of which 16 are in one block).
- Includes Freehold block (16) of 12 two-bedroom and 4 Studios in one block with adjoining Strata office and Strata 1 three-bedroom, two bathroom, kitchen, laundry and double lock up garage.
- Additional Strata three-bedroom, two bathroom, kitchen, laundry and double lock up garage available.
- 4 Strata units under a management agreement adjoining.
- Pool and barbeque area popular with Corporates and longer-term stays.
- Most units have views with six having park views and 10 having ocean views.
- External owners with high quality management in place wanting to remain and established staff and systems.
- Easily managed as an investment with opportunity for some enhancement.
- Could easily be owner operated, but the property benefits from the existing team.
- All the accommodation is of a high standard and the property has a strong future.
- Long term owners looking to consolidate portfolio and retire.
- Rare offering that could not easily be replaced that is established in the marketplace.
- Fantastic investment and long-term holding opportunity with a number of options.

You will be proud to be involved with and own this business and related / attached real estate as it is a quality offering in a quality location.

Confidentiality Conditions Apply

Total Asking Price: $8,000,000

For further information or to arrange an inspection contact:

Michael Philpott