Location, views, development potential (STCA) and income stream!
Consider the options with this 2,608sqm site currently returning over $100,000 pa gross (approx.).
As investment property, re-development site or perhaps a lifestyle change (live in the residence and manage the income from the 11 cottages/flats), this is certainly worth consideration.
Nambucca Heads on the NSW mid north coast enjoys a magnificent estuary, gorgeous beaches (including 1 of the top 10 voted beaches in Australia!) and is now (with highway upgrade) under 30 minutes drive to Coffs Harbour. All within 500m are boat ramps, a unique Island Golf Club, bowling & RSL Club, a waterfront boardwalk, Woolworths, cafes, cinema and shopping.
The largely undeveloped town is still very affordable however demand is now outstripping supply & opportunities like this are rare.
Features include:
• 2,608sqm approx. site with magnificent ocean/estuary views
• Income from : 1 x 3 bed apartment; 2 x 1 bed units; 2 x 2 bed units; 3 x bedsit units; 1 x 3 bed cottage; 2 x 2 bed cottage
• Renovate additional cottage for further weekly return between $260-$280 per week
• Zoned: R3 Medium Density Zoning with 10m height limit
For further information or to arrange an inspection, please contact Narelle Harper or Margaret Chaffey on 6568 6599.
▶
