FOR SALE
Management Rights $1,225,000

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Coffs Harbour NSW 2450

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Iconic Mid North Coast Management Rights Business Opposite the Beach in Coffs Harbour - 1P5731MR

EXCLUSIVE TO CRE BROKERS. Coffs Harbour is experiencing enormous growth in the tourism accommodation sector. It is also on the cusp of a long term accommodation boom via a range of long term infrastructure projects already attracting national sporting and cultural events.
The apartments, operated by a husband and wife team, are located directly opposite Coffs Harbour's most popular and patrolled beach, the No.1 Family Hotel and Park Beach Bowls Club
Location Plus: Only a 5 minute walk to a large Retail Shopping Centre, numerous eateries and tourist attractions and 5 km from the airport. A 5 min walk to a brand new aged-care facility that will soon be home to an estimated 700 residents + staff.
If you are looking to secure a thriving business & unit whilst living the lifestyle many people dream about then Tradewinds Family Apartments must be a consideration.
Owner's residence is a large ground floor 2 bedroom 1 bathroom unit with a rear grassed courtyard, ideal for pets and entertaining.
TOTAL NUMBER OF UNITS : 30
UNITS IN LETTING POOL: 11
NET PROFIT : $150,000
REAL ESTATE PRICE : 675,000
BUSINESS PRICE : $550,000
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Property Details for Contact Agent For Address, Coffs Harbour

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Commercial

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About Coffs Harbour 2450

The size of Coffs Harbour is approximately 46.3 square kilometres. It has 52 parks covering nearly 16.3% of total area. The population of Coffs Harbour in 2011 was 24,581 people. By 2016 the population was 25,746 showing a population growth of 4.7% in the area during that time. The predominant age group in Coffs Harbour is 50-59 years. Households in Coffs Harbour are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coffs Harbour work in a professional occupation. In 2011, 55.7% of the homes in Coffs Harbour were owner-occupied compared with 56% in 2016.

Coffs Harbour has 16,670 properties. Over the last 5 years, Houses in Coffs Harbour have seen a 63.47% increase in median value, while Units have seen a 42.99% increase. As at 30 September 2024:

  • The median value for Houses in Coffs Harbour is $767,564 while the median value for Units is $505,119.
  • Houses have a median rent of $640 while Units have a median rent of $495.
There are currently 249 properties listed for sale, and 158 properties listed for rent in Coffs harbour on OnTheHouse. According to CoreLogic's data, 583 properties were sold in the past 12 months in Coffs harbour.

Suburb Insights for Coffs Harbour 2450

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.