Coffs Harbour, New South Wales

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

OFFERS ABOVE $2.5M

Business Description

FREEHOLD APARTMENTS/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

Business Summary

Marketing Agent

James Carrick

0498 95....

Robert Urquhart

0498 96....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Six well-maintained, self-contained two-bedroom apartments, providing a scalable accommodation asset and operating flexibility.
2. Freehold strata titled complex on approximately 1,100sqm, enabling retention, individual sales or whole-of-asset ownership.
3. Currently permanently let through an established local agency, generating immediate holding income.
4. Adjusted Net Profit of $134,471 for 2024/25, demonstrating existing cashflow.
5. On-site swimming pool and established improvements, supporting guest appeal and amenity.
6. Strong location appeal, a short walk to Park Beach, cafés, restaurants and shopping, with minutes to Park Beach Plaza, the Jetty Foreshore, Marina and the Big Banana.
7. Clear short-term holiday letting upside, with potential to convert to a holiday model to increase revenue, subject to owner requirements.
8. Development potential (STCA) on a generous site area, with existing structure potentially able to accommodate an additional level.
9. Opportunity to materially improve income and net profitability through active management and repositioning.
10. Multiple exit strategies for investors, including selling individual strata titles or retaining the whole asset.
11. Strategic exposure to the growing Coffs Harbour tourism and lifestyle market, attractive to investors, developers and tourism operators.