Coffs Harbour, New South Wales
Beachside Accommodation Complex | Six Apartments | Development Potential (STCA) - 2904MF
OFFERS ABOVE $2.5M
Business Description
- 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
Business Summary
Key Investment Insights
1. Six well-maintained, self-contained two-bedroom apartments offering a scalable income-producing asset.
2. Substantial landholding of approximately 1,100 sqm, supporting asset expansion and development options.
3. Strata title structure provides flexibility to retain, sell individually or reposition the asset over time.
4. Currently permanently let through an established local agency, providing immediate holding income.
5. Adjusted Net Profit of $134,471 for 2024/25 indicating current cashflow performance.
6. On-site swimming pool and established improvements reduce near-term capital expenditure.
7. Short walk to Park Beach, cafés, restaurants and shopping, enhancing guest appeal and occupier demand.
8. Minutes to Park Beach Plaza, the Jetty Foreshore, Marina and the Big Banana, increasing tourist catchment.
9. Clear upside from conversion to short-term holiday letting, subject to owner requirements, to boost revenue.
10. Future development potential STCA, including possible addition of another level using existing structure.
11. Multiple exit strategies available, including individual apartment sales or whole-of-asset disposal.
12. Strong exposure to the growing Coffs Harbour tourism and lifestyle market, attractive to investors, developers and tourism operators.
