Positioned on a substantial 1,069m² landholding in the heart of Coffs Harbour, this property presents an exceptional opportunity for developers, investors, or future-minded buyers. Zoned R4 High Density Residential, the site is ideally suited to a multi-dwelling development and is one of the few remaining large blocks in such a tightly held central location.
A current Development Application (DA) has been lodged with Council, proposing a well-designed townhouse development comprising five residences: four stylish 3-bedroom, 2-bathroom townhomes and one larger 4-bedroom, 2-bathroom residence with a double garage fronting the street. This DA offers a rare opportunity to immediately pursue a high-quality project in a sought-after urban precinct.
The existing home on site holds charm and liveability, with polished hardwood timber floors, high ceilings, and a recently renovated kitchen complete with modern appliances. The layout includes three bedrooms plus a study, a central bathroom, separate laundry/utility area, and a double carport. Currently leased, the home provides holding income and can also be offered with vacant possession if preferred.
From an investment or development perspective, the R4 zoning provides flexibility and strong future potential. The central location adds further value-just 500 metres from Coffs Central shopping precinct, with major supermarkets, cafes, restaurants, and medical services all within easy reach. Families will also appreciate the proximity to local schools, parks, and McLean Street Oval, making the site highly attractive to both owner-occupiers and tenants.
Whether you choose to act on the current DA, reimagine the site for a higher-yielding project (STCA), or simply enjoy the lifestyle and future capital growth of a large inner-city holding, this property delivers on all fronts.
High-density development sites of this calibre are increasingly rare in Coffs Harbour's CBD fringe. This is a golden opportunity to secure a strategic piece of real estate with enormous upside.
Council rates: $3,579 per annum
