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61 Ocean Parade, Coffs Harbour, NSW 2450

Bed
7
Bath
4
Car
4
Land
1018m²
Sold for $950,000

SOLD BY SHANE HESSENBERGER 0405 313 272

Prime Development Land.

Beachfront position 61 Ocean Parade offers a wonderful opportunity for investors to acquire a property holding which can only be considered as the location to invest.

61 Ocean Parade features include: R1 Zoning, Building Height Limit 22m,1018sqm level land allotment, rear lane access, approx 15 metre wide frontage, now on land is a 4 unit residential block timber 1950 style construction, units are named SEABREEZE, three current tenancies in place returning $680pw, rental potential $1000pw, shedding, fenced and ready for a make-over or ripe for re-development.

R1 Zoning objective include tourist related developments, visitor accommodation and to provide a variety of housing types and densities. The zoning allows a myriad of uses which are not limited to but include Caravan Parks, Child Care Centres, Entertainment Facilities, Hostels, Tourist & Visitor Accommodation, Multi dwelling housing, Residential accommodation, Residential flat building, Seniors Housing, Function Centre, Places of Worship, Group Homes, Food and Drink premises, Kiosks and Registered Clubs to name some of the uses.

This property has been tightly held by the same family for the past 45 years.

Information pack is available on the development opportunity.

Property Information

Land Size: 1018m²

Building Size: 300m²

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