Korora, New South Wales

Rare 4-star freehold resort in tourist mainstay Coffs Harbour | Resort Brokers ID : FH008595

Expression of Interest

Business Description

Just two minutes’ drive from Korora Beach, Korora Bay Village Resort is a high-performing four-star holiday property that has consistently earned TripAdvisor’s Certificate of Excellence.

Spread over two hectares of tropical gardens, this 23-apartment resort has been diligently maintained, affording the new owner the opportunity to hit the ground running with a thriving accommodation business in one of NSW’s most well-established holiday destinations.

Korora Bay Village Resort enjoys an excellent reputation and has been operated under a timeshare model with a small portion of external letting, predominantly family guest profile. Online reviews are routinely glowing, including a “Fabulous” 8.9 (from 10) on Booking.com, a “Very Good” 4.5 rating (from 5) on TripAdvisor and a 4.4 “Very Good” on Google.

There is long-term development potential with adding to the current offering or alternate route being zoned low-density residential, subject to Council approval.

A strong management team, led by a general manager who lives locally, provides vital continuity ensuring a smooth transition for the new owner.

- 23-apartment, four-star holiday resort in Coffs Harbour
- Booming coastal tourist hotspot
- Outstanding guest reviews and OTAs
- Exceptionally well-maintained resort with excellent facilities
- Rare opportunity for freehold purchase
- Strong occupancy with family orientation, as well as some business trade
- Significant upside in revenue and occupancy
- Substantial vacant land for future development (STCA)
- Inspections are strictly by appointment only

Expressions of Interest closes 5 pm 28 March 2025 Date updated: 01 Jun 2025 01:00:04