Coffs Harbour

COFFS COAST INVESTMENT / REDEVELOPMENT OPPORTUNITY

This unique holding on the fringe of Coffs Harbour's CBD represents an opportunity not seen for over 50 years. No. 2 Peterson Road, the first TV Studi

This unique holding on the fringe of Coffs Harbour's CBD represents an opportunity not seen for over 50 years. No. 2 Peterson Road, the first TV Studios in Coffs Harbour and home to the original NRTV is now offered for genuine sale. Under continued occupation by the now SCA Media Group the time has come for them to establish a new home in Coffs Harbour reflective of the current times and market. The site is a large 11,625sqm (almost 3 acres) of prime low density housing land zoned R2. The existing Commercial Office and Studio comprises approx. 2500sqm plus external secured hard stand storage and shedding. An additional 210.m2 office building is separate to the main building. Substantial on-site parking is provided. with quality gardens and surrounds. The property is offered with a two (2) year lease with option of one (1) year from SCA with a proposed holding income of $124,000 per annum Nett + GST (if applicable).
This site offers a rare and once in a generation offering.

# 2 Peterson Road represents a large parcel of land with existing established infrastructure accompanied by a substantial holding income. This allows a purchaser /developer time to plan either re-development, modification or a blank canvas for a new concept. This wonderful site offers a plethora of possibilities ranging from medical/care/education/training, religious applications, residential subdivision and senior housing to name a few (subject to council approval).

Coffs Harbour has been highlighted as a major growth hub for northern NSW and this property fits perfectly into this mix.

Key Features:
- Unique Property Holding comprising over 2700sqm (approx.) of buildings, large parking provision and 11,625sqm of land zoned R2.
- Continually occupied as media/production centre for over 50 years.
- Offered with a two (2) year + one (1) year lease back at $124,000pa nett + GST (if applicable)
- A versatile property with a multitude of uses including future occupation, re-development, modification or a blank canvas for a new concept (subject to council approval).
- Located on the fringe of the Coffs Harbour CBD.

Offered for sale by Expressions of Interest Closing 12 Noon Wednesday 13th September 2023.

For Executive Summary and Inspections please contact Exclusive Marketing Agent The Edge Coffs Harbour 02 6652 9888