An outstanding opportunity to secure a dual income home on substantial 1,103sqm allotment with sealed road access from both Howard Lane and Howard Street.
Currently generating $1,000pw in rental income, the property comprises a versatile two-level dwelling with separate accommodation.
The light filled upper-level features three spacious bedrooms, a well-equipped kitchen with adjoining dining, comfortable living, plus a balcony capturing panoramic views across Coffs racecourse and the surrounding hinterland. Two off-lane parking spaces complete the upper level.
Downstairs, the separate flat includes a kitchen, bathroom, living room, plus 2 bedrooms and a carport. The original garage has a sliding door in place, creating a second living space or extra secure storage.
For developers, the dual frontage creates exciting possibilities. The existing dwelling occupies the Howard Lane frontage, while the Howard Street frontage may provide potential for an additional dwelling. Alternatively, the R3 zoning may allow for a more substantial multi-unit development, subject to council approval.
Positioned close to Southern Cross University, Coffs Harbour Airport, the Jetty and CBD, this is a rare opportunity to secure a substantial site with holding income and multiple future possibilities.
1,103sqm elevated block with R3 Medium Density Zoning
Dual frontage to Howard Lane & Howard Street
Dual living home with two separate tenancies
Zoning: R3
Built: 1961
Combined rental income of $1,000pw / $52,000pa (approx.)
Rates: $5,354pa (approx.)
