This amazing property is zoned R3 Medium Density and comprises of a massive elevated 1,104sqm allotment with two frontages with sealed access off both Howard Lane and Howard Street. Add to that an expansive dwelling with freshly renovated upper level comprising three spacious bedrooms, modern kitchen with dining room, living/lounge, lovely high ceilings and a sun deck with panoramic views over Coffs Racecourse, Airport and hinterland. There are two "off-lane" parking spaces and current rental is $560 per week. The lower level contains a three bedroom flat with updated kitchen and bathroom, single carport and is also tenanted with current rental of $335 per week.
There are a multitude of uses for this property. The existing dwelling sits on Howard Lane and there is the possibility to construct another dwelling fronting Howard Street or with an R3 zoning and a 15.5m height limit, there is potential for a multi-unit development (stca). With continued growth and the lack of housing stock in the Coffs Region, demand for quality housing will be at a premium for years to come.
Boasting a very handy location to Southern Cross University, Airport, Coffs Jetty, and Coffs CBD and with holding income of $46,500 p.a. this property presents as a wonderful opportunity for the astute investor or developer!
Council Rates: $3,401 pa (approx.)
Land Size: 1,103.8 sqm (approx.)
Zoning: R3
