A substantial coastal holding with established rental income and exciting possibilities for the future.
Positioned in a convenient central location in Nambucca Heads, this unique property offers an increasingly rare combination of a character-filled residence, approximately one hectare of Dual Zoned, R1/ R3 medium density land and potential longer-term development opportunities.
At the heart of the property is a charming cottage, approximately 100 years old, featuring four bedrooms and retaining much of the character associated with its era. Partially renovated, the home has already received a number of improvements, including fresh paint and aesthetic updates, with further renovation work remaining for those looking to continue enhancing the property.
Currently leased at **$550 per week**, the residence provides an established rental income while a purchaser considers the property's future possibilities.
One of the home's standout features is its impressive approximately 70m² undercover balcony, complete with servery. Offering substantial space for entertaining and outdoor living, it provides a wonderful extension to the existing residence.
A substantial landholding with development potential
Beyond the existing cottage, the property's approximately one-hectare landholding presents an opportunity to explore a range of longer-term residential possibilities.
Importantly, the property incorporates a combination of **R1 General Residential and R3 Medium Density Residential zoning**, creating an interesting proposition for investors, developers and purchasers looking to secure a substantial holding in an established coastal township.
The mixed zoning provides scope to investigate different residential development outcomes, with the potential to explore:
- Additional residential accommodation: Investigate opportunities for further housing, subject to the applicable planning controls and approvals.
- Medium-density residential development: Explore the potential of the R3-zoned portion for a more intensive residential outcome, subject to permitted uses and relevant development standards.
- Future subdivision possibilities: Investigate whether the land configuration, zoning, access and servicing arrangements may support subdivision or other development options.
- Staged development: Potentially retain the existing cottage as an income-producing property while investigating future development opportunities across suitable portions of the land.
- Long-term investment: Secure a substantial landholding with an existing rental return and the opportunity to add value through improvements and future planning.
The ability to retain the existing residence and its current rental income while investigating the broader landholding is an appealing aspect of this offering.
For purchasers with a longer-term vision, this is an opportunity to explore the property's potential while enjoying the benefits of an established residential holding.
Any future development or subdivision would be subject to detailed due diligence, council requirements, zoning provisions, site constraints, infrastructure availability and the necessary statutory approvals (STCA).
A convenient coastal lifestyle
The location adds another important dimension to the property, with Nambucca Heads town centre, beaches, parks and the beautiful Nambucca River all within easy reach.
Local lifestyle and recreation facilities include:
- Close to Shelley Beach, Bielby's Beach and the iconic V-Wall.
- Convenient to Nambucca Heads town centre and local shopping.
- Near the Nambucca River, Bowling Club, RSL and Nambucca Heads Island Golf Club.
- Convenient to local Christian, public, primary and high schools.
- Approximately 30 minutes to Coffs Harbour Airport and university facilities.
- Approximately 10 minutes to Macksville and Valla Beach.
Centrally positioned on the Mid North Coast, Nambucca Heads offers an appealing coastal lifestyle with convenient connections to the wider region, including the Sydney–Brisbane corridor.
The opportunity
Whether you are looking for a substantial residential property with existing rental income, an opportunity to renovate and improve a character home, or a landholding with potential for future residential development, 65 Mann Street deserves your attention.
Enjoy the income today. Improve the home over time. Explore the possibilities for tomorrow.
Contact Simon McPherson on **0432 073 130** for further information or to arrange an inspection.
