25-27 Grafton StreetCoffs Harbour NSW 2450
Property Details for 25-27 Grafton St, Coffs Harbour
25-27 Grafton St, Coffs Harbour is a 0 bedroom, 0 bathroom House with 3 parking spaces. The property has a land size of 3297m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 0 bedroom House sold in Coffs Harbour in the last 12 months.
Last Listing description (July 2019)
CBRE Hotels, as the vendors exclusive agent, is pleased to offer for lease the Best Western Zebra Motel located in Coffs Harbour, New South Wales.
Key investment highlights include:
- Rare 46-room coastal leasehold offering in one of NSWs largest and booming regional cities
- High end 3.5-star rated motel, fully refurbished top to toe with nothing to spend
- Pacific Highway location, positioned approximately midway between Sydney and Brisbane as a logical evening rest point
- Conveniently located on the near edge of the CBD, walking distance to all relevant town amenities
- Renowned brand affiliation providing exceptionally generous tariff returns with above average occupancy, enhancing the high volume of corporate traveller
- A region of ample sporting and recreational events filling the occupancy calendar with forward bookings
- Strong corporate clientele and reviews
- Large income growth under the current operation has created a healthy rent to turnover / income percentage (nicely positioned at 22%)
- A recent 5 year increase in term to 23 years (remaining on lease term) by the landlord has improved security value of the proposition - landlord favourable to increases
For Sale by Expressions of Interest closing Thursday 18th April 2019.
Property History for 25-27 Grafton St, Coffs Harbour, NSW 2450
- 17 Sep 2024Sold
- 23 Apr 2019Listed for Sale Not Disclosed
- 23 Apr 2019Listed for Sale Offers over $1,450,000
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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 16,706 properties. Over the last 5 years, Houses in Coffs Harbour have seen a 63.14% increase in median value, while Units have seen a 46.33% increase. As at 31 August 2024:
- The median value for Houses in Coffs Harbour is $763,874 while the median value for Units is $510,360.
- Houses have a median rent of $640 while Units have a median rent of $490.
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