64 Boultwood Street, Coffs Harbour NSW 2450

Clever land bank investment on one title with a positive income stream, it's the best of both worlds. Located close to the beach & the Park Beach Plaza, this is an area that has a proven track record of successful developments. Rates = $5,398pa. Gross rental income= $35,360pa. Clever investors know opportunities like these are very rare & highly sought after, the perfect option to add to your portfolio. Set on a huge 1,233m2 block zoned R1 general residential with rear lane access, it is ripe for redevelopment & the bonus is a guaranteed income stream offering you the benefit of income while you arrange to redevelop the site. There are 2 x 2 bedroom units existing, currently tenanted through a housing corporation (no management fees). Unit 1 returns $320 per week while unit two returns $360 per week rent. Big block on a single title with income that's a rare opportunity indeed.

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