SOLD
Sold on 04 Sep 2024 for $1,275,000

350 Harbour Drive
Coffs Harbour NSW 2450

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 563m2
Save

Property Details for 350 Harbour Dr, Coffs Harbour

Building Type
Commercial
Land Size
563m2
Local Government
Coffs Harbour
Lot/Plan
1/DP211339

Last Listing description (September 2024)

This prime holding could be your future boutique offices!!!

Built circa 1935 the Jetty Post Office is a Landmark at the gateway to the highly popular Jetty Precinct.

The Jetty Precinct is a tourism destination with numerous cafes & restaurants, and the property is an easy walking distance to the International Marina, historic jetty, the foreshores, Mutton Bird Island Nature Reserve and a choice of three beaches.

Situated on the high-profile corner of Harbour Drive and Camperdown Street, the modest building is surrounded by vacant land ripe for development.

Total site area is approximately 563m2 and is zoned Mixed Use which permits a wide range of residential, retail and commercial uses.

The building is an under-development of the land and has an area of approximately 115m2 with a site coverage of 20%.

The building is highly suitable for refurbishment into a boutique retail or office use.

Redevelopment options on the land surrounding the building include a medium rise residential apartment building for short stay tourism accommodation.

The property is leased for 5+5 years from 1/2/21 and generates an attractive holding income.

This prime redevelopment property enjoys the following features:
Prime location
High profile position
Two street frontage
Under-developed property with 20% site coverage
Surplus land for future redevelopment
Favourable Mixed-Use zoning
Highly suitable for tourism accommodation
Affordable price range
Secure short-term lease

If you've been seeking an attractive and affordable investment with blue sky potential then CALL NOW!!!

The property is for sale with an asking price of $1.45m.

For all further enquiries contact Exclusive Marketing Agents LJ Hooker Commercial:

Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Deb Grimley 0434 301 550 dgrimley@ljhcoffs.com

Property History for 350 Harbour Dr, Coffs Harbour, NSW 2450

A timeline of how this property has performed in the market
Last Sold
$1,275,000
04 Sep 2024
  • 04 Sep 2024
    Sold for $1,275,000
  • 27 Nov 2023
    Listed for Sale $1,450,000
  • 23 Aug 1994
    Sold for $135,000

Commute Calculator

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 16,672 properties. Over the last 5 years, Houses in Coffs Harbour have seen a 63.09% increase in median value, while Units have seen a 45.01% increase. As at 31 October 2024:

  • The median value for Houses in Coffs Harbour is $775,432 while the median value for Units is $507,938.
  • Houses have a median rent of $640 while Units have a median rent of $500.
There are currently 256 properties listed for sale, and 148 properties listed for rent in Coffs harbour on OnTheHouse. According to CoreLogic's data, 581 properties were sold in the past 12 months in Coffs harbour.

Suburb Insights for Coffs Harbour 2450

Market Insights
Coffs Harbour Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Coffs Harbour Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
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.