An exciting opportunity to subdivide and build 3 new homes...
Located just moments from the Coffs Harbour CBD and boasting an elevated northerly aspect, this charming 3-bedroom cottage is set on a generous 1,345m² block, offering an exceptional development opportunity.
The vendors have already done the groundwork, securing an approved Development Application to subdivide the block into two Torrens Title lots:
Lot 11: 927m². Ideally suited to dual occupancy or a large family home.
Lot 10: 417m². Ideally suited to a 3 bedroom home (see concept plan in images).
The existing cottage currently generates a rental income of $490 per week and features 3 bedrooms, a sunroom, lounge, kitchen, and 2 bathrooms. The property is in good condition throughout and would suit relocation at the time of subdivision.
With land becoming increasingly scarce, this property presents a fantastic opportunity to build three new dwellings and reap the financial rewards.
Don't miss out on this unique development opportunity!
Zoning R2
Rent $490pw
Lease expires 17/1/25
Land size: 1,345m2 (approx.) - Rates: $3,225pa (approx.)
