84 Albany Street, Coffs Harbour offers an exceptional opportunity to develop a shovel-ready, 18-room boarding house in a prime central location. With Development Approval (DA) and Construction Certificate (CC) already in place, this project is set for immediate commencement, eliminating delays and ensuring a quick turnaround for developers and investors. The property is ideally situated within walking distance to the Coffs Harbour CBD, shopping centers, and transport hubs, making it an attractive option for future tenants.
Spanning 542 sqm, this site is designed to meet the growing demand for affordable accommodation in the region. With no basement required, the construction process is streamlined, further reducing costs and project timelines. The property's R4 High-Density Residential zoning provides flexibility for future development, and the inclusion of 9 secure car spaces enhances its appeal.
Key Property Features:
• DA & CC approved for 18-room boarding house
• Shovel-ready with $151,941.54 in contributions paid
• Prime central location near Coffs Harbour CBD, shopping centers, and transport hubs
• Estimated rental income of $350,000 per annum upon completion
• Spacious 542 sqm site with no basement, simplifying construction
• 9 secure car spaces included
• R4 High-Density Residential zoning for flexible development options
• Walking distance to Coffs Central Shopping Centre (0.4km) and Coles (0.4km)
This is a rare opportunity to acquire a ready-to-build site in one of Coffs Harbour's most sought-after locations. Whether you're an investor or developer, 84 Albany Street offers strong potential for high rental yields and long-term growth.
The property is For Sale by way of Auction on Tuesday 24th September 2024 at AuctionWORKS.
