6 & 8 San Francisco Avenue, Coffs Harbour NSW 2450

This is an exceptional chance to secure a prime beachside asset in a high-growth location just 200m from Park Beach Plaza and 550m from the beach.

Comprising two Torrens title blocks, these properties offer 11 units across 1,593sq m, with R3 Medium Density zoning and a building height limit of 15.5m - paving the way for an array of development options (STCA).

Key Highlights:
• Land Size: Lot 91: 796.7m² - Lot 92: 796.7m² - Combined Total: 1,593.4sq m
• Zoning: R3 Medium Density Residential
• Development-friendly zoning with height potential up to 15.5 metres
• Future subdivision or multi-storey redevelopment potential (STCA)

Current Rental Income:
• $3,420 per week / $177,840 per annum (gross)
• All leases have expired - scope for rental increase in line with current market rates

Unit Breakdown (11 Total Units):

6 San Francisco Avenue -
• 6 x 2-Bedroom Units (3 Ground, 3 First Floor)
• Each with built-in robes, open-plan living, kitchen, and laundry
• Mix of single garages and carports

8 San Francisco Avenue -
• 1 x 3-Bedroom Unit with single garage, and ground-level laundry with WC & 2nd shower
• 3 x 2-Bedroom Units with garages
• 1 x 1-Bedroom Unit with carport and private garden courtyard

Construction Details:
• Brick internal and external walls
• Reinforced concrete floors and stairs
• Aluminium windows and doors
• Tiled roofs on timber trusses
• Concrete driveways, clotheslines, and landscaped areas

Outgoings (2023-2024):
• Council Rates: $24,528 (approx.)
• Water Rates: $2,322 (approx.)
• Additional expenses: rental management, repairs, insurance, gardening etc

Why Invest Here?
• Incredible location near major shopping, public transport, and the beach
• Strong holding income with potential to grow
• Torrens Title (not strata) - providing flexibility and full control over future improvements or redevelopment

This is a rare investment opportunity in a tightly held coastal market, with both immediate income and long-term potential.

Online Auction - Contact the agent for an Information Memorandum, auction registration details and secure your future today!

AUCTION ONLINE: Thursday 24th July 2025 at 1:00pm

Please contact The Edge Property Agency to register to bid.

Registration commences 24/06/2025.

Bidders must be registered by 5:00pm, one day prior 23/07/2025.