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 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 provide a clear income asset and unit count for repositioning strategies.
2. Substantial landholding of approximately 1,100 sqm supports redevelopment options and site flexibility.
3. Strata title offers flexibility to retain as a whole, sell individually, or partially divest over time.
4. Currently permanently let via an established local agency, generating immediate holding income and occupancy stability.
5. Adjusted net profit of $134,471 for 2024/25 demonstrates existing cashflow and a baseline for value-add improvements.
6. On-site swimming pool and established improvements enhance guest appeal and reduce near-term capital expenditure.
7. Proven short-term holiday letting upside, enabling potential revenue uplift through conversion to a holiday model subject to owner requirements.
8. Future development potential STCA, including possible addition of an extra level to the existing structure, offers medium to long-term capital growth avenues.
9. Prime Park Beach precinct location, short walk to the beach, cafés, restaurants and major tourist attractions supports strong demand and walkability.
10. Minutes from Park Beach Plaza, the Jetty Foreshore, Marina and the Big Banana, providing diversified local attractions and year-round visitation drivers.
11. Multiple exit strategies available, catering to investors, developers, tourism operators and value-add accommodation groups seeking scalable coastal assets.
