PRIME LANDMARK MIXED USE REDEVELOPMENT SITE WITH RENTAL INCOME
350 Harbour Drive, cnr Camperdown Street, Coffs Harbour, NSW 2450
Built circa 1935 the Jetty Post Office is a Landmark at the gateway to the highly popular Jetty Precinct.
The Jetty Precinct is a tourism destination with numerous cafes & restaurants, and the property is an easy walking distance to the International Marina, historic jetty, the foreshores, Mutton Bird Island Nature Reserve and a choice of three beaches.
Situated on the high-profile corner of Harbour Drive and Camperdown Street, the modest building is surrounded by vacant land ripe for development.
Total site area is approximately 563m2 and is zoned Mixed Use which permits a wide range of residential, retail and commercial uses.
The building is an under-development of the land and has an area of approximately 115m2 with a site coverage of 20%.
The building is highly suitable for refurbishment into a boutique retail or office use.
Redevelopment options on the land surrounding the building include a medium rise residential apartment building for short stay tourism accommodation.
The property is leased for 5+5 years from 1/2/21 and generates an attractive holding income.
This prime redevelopment property enjoys the following features:
• Prime location
• High profile position
• Two street frontage
• Under-developed property with 20% site coverage
• Surplus land for future redevelopment
• Favourable Mixed-Use zoning
• Highly suitable for tourism accommodation
• Affordable price range
• Secure short-term lease
If you've been seeking an attractive and affordable investment with blue sky potential then CALL NOW!!!
The property is for sale with an asking price of $1.45m.
For all further enquiries contact Exclusive Marketing Agents LJ Hooker Commercial:
Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Deb Grimley 0434 301 550 dgrimley@ljhcoffs.com