Land for Sale38 days on Homely
$579,000
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DA Approved for 12 Self Contained Studios - Coffs Harbour

225 Harbour Drive, Coffs Harbour, NSW 2450

0 bed0 bath0 car
The first of its kind in Coffs Harbour. 225 Harbour Drive is a city central development site sold complete with DA approval for 12 x studio apartments, as a next generation boarding house development.

A popular development concept throughout Sydney, and a perfect fit for meeting the needs of our local rental market. Perfectly situated between the CBD and Jetty precincts. Once complete the property will help to supply a much needed sector of our residential rental market. Coffs Harbour suffers from a persistent lack of affordable rental and student boarding accommodation. With some of the best education facilities available in a regional centre, affordable and modern rental properties for singles and couples is difficult to find.

Economical to construct and an attractive income potential, it's a first in providing a lower risk option for reliable income and depreciation for long term investors.

* DA Approved for 12 self contained studios.
* Each room with kitchenette.
* Each room with ensuite.
* A practical design for construction.
* Architecturally designed to maximise room yield and maintain a high quality building for tenants.
* Recognised by NSW government as a 'Centre of Strategic Growth'.
* Rental vacancy rates below 1.5%.
* Significant population increase is expected.
* Walking distance to all amenity.
* 50m to TAFE Coffs Harbour.
* 750m to Coffs Harbour CBD.
* Bus on doorstep.
* First development of its kind in Coffs Harbour.
* Huge demand for this asset class

LOCAL AMENITY AND RENTAL MARKET
* Coffs Harbour is home to two major hospitals and health precincts; Coffs Harbour Health Campus and Mid North Coast Health District. This produces a large number of graduate nurses seeking accommodation.
* Southern Cross University.
* One of Australia's largest fruit producers attracting a consistent flow of seasonal workers.
* Large rental community with over 31% of the local population renting their homes.
* 500m2

Asking Price: $579,000.

Once built this boutique development will provide a steady income for years to come.

Main details

Price:$579,000Address:225 Harbour DriveSuburb:Coffs HarbourPost Code:2450Land Type:Residential

Land Details

Area:500 m²

Schools in and around Coffs Harbour

204m from propertyPrimaryPublicNon-Denominational
296m from propertyPrimary & SecondaryPrivateChristian
923m from propertyPrimaryPrivateCatholic
1.4km from propertySecondaryPublicNon-Denominational
1.4km from propertyPrimary & SecondaryPrivateNon-Denominational