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.
