Develop now or invest and develop later, the choice is yours...
Develop now or invest and develop later, the choice is yours. This rare investment opportunity is ideally located within 500 metres of Coffs Harbour's main patrolled beach, cafes, restaurants, parks and playgrounds. Currently positioned on the large 1,050m2 (approx.) block is a four bedroom, two bathroom, three living area family home with a potential income return in excess of $600 per week (split rental return of $350-$370 p/w expected for the three bedroom home and $230-$250 p/w for the fully self-contained granny flat). There is also an in-ground pool, outdoor entertainment area, double garage, and four-car carport. Zoned R1 (General Residential), there are numerous possibilities (subject to council approval) of what could be permitted, including bed and breakfast accommodation, childcare centre, multi-dwelling housing, serviced apartments to name a few. Inspect today...
Land size: 1,050m2 (approx) - Rates: $4,547pa (approx)
Features
4
2
6
Bedrooms
4
-
Three in main house, one in self-containted flat
Bathrooms
2
Garage
2
-
Double garage plus 4-car carport
Carports
4
-
Double garage plus 4-car carport
Kitchen
Gas cooking in main house, electric cooking in self-contained flat
