32 Walter Morris Close Coffs Harbour NSW 2450

An exceptional investment in the heart of Coffs Harbour, this well-presented freehold property offers an outstanding mix of medical and residential tenancies on a substantial 1,243 sqm landholding.

Offering an appealing net return of approx. $150,000 per annum, the building features ground floor medical suites and two first-floor residential units, making it an attractive asset for investors seeking long-term security.

Laverty Pathology, a well-established tenant with over a decade of occupancy in the building, is currently under lease until February 2028, with extension options available. As a leading provider in the healthcare industry, Laverty Pathology operates a national network of 550 collection centers and laboratories.

Both first-floor residential units are leased until 2025, providing consistent rental income alongside the medical tenancy.

Situated in a high-growth coastal city of over 85,000 people, directly adjacent to Park Beach Plaza, McDonald's, ALDI, and other medical practices, offering significant exposure and convenience.

E1 Local Centre zoning provides flexibility for a range of future uses (STCA), making this property adaptable to future growth and development opportunities.

Ample on-site parking adds further convenience and value to this prime offering.

With strong lease agreements in place and a central location in a thriving community, this property presents a secure and growth-focused investment opportunity for astute buyers.

Disclaimer: We have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.