SOLD
Sold on 22 Dec 2023 for $3,550,000

7 Tasman Street
Corindi Beach NSW 2456

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 16120m2
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Property Details for 7 Tasman St, Corindi Beach

7 Tasman St, Corindi Beach is a 0 bedroom, 0 bathroom House. The property has a land size of 16120m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 0 bedroom House sold in Corindi Beach in the last 12 months.

Building Type
House
Land Size
16120m2
Local Government
Coffs Harbour
Lot/Plan
1/DP1281309

Last Listing description (September 2023)

JLL Hotels & Hospitality Group is delighted to exclusively present to market the freehold going concern interest in Corindi Beach Hotel on NSW's stunning Coffs Coast.

Located 30 minutes north of Coffs Harbour and 2.5 hours south of the Gold Coast, Corindi Beach Hotel sits amongst a growing community on an enormous 16,120sqm lot, with genuine development potential and water views.


Key investment highlights include:
- Balanced revenue mix generating over $100,000 (ex GST) per week from bar, food, gaming and drive-through bottle shop
- Prime North Coast location with no hotel competition within 10km south and 50km north, securing unrivalled market dominance in a growing coastal region
- Situated on an enormous 16,120sqm land parcel offering significant development scope and opportunity to trade at scale - catering to growing underlying residential and tourism demand
- Sale includes 12 GMEs in a Band 2 SA2, with an approved threshold increase to 20 GMEs conservatively adding $1m in pre-gaming tax net profit per annum!
- Located 15 minutes north of Moonee Beach Tavern (ranked 262 in NSW)
- The hotel presents a multitude of venue enhancement options including standalone boutique accommodation with up to 40 villas catering to year round tourism demand and adding a new revenue channel for the business
- The Coffs Harbour Region is forecasting 25,000 new residents and 12,000 dwellings by 2041, and the $2.2b Coffs Harbour Bypass will provide 600 additional jobs over the next 4 years

For Sale via Expressions of Interest closing Thursday 12 October 2023 at 12pm (unless sold prior)

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Property History for 7 Tasman St, Corindi Beach, NSW 2456

A timeline of how this property has performed in the market
Last Sold
$3,550,000
22 Dec 2023
  • 22 Dec 2023
    Sold for $3,550,000
  • 12 Sep 2023
    Listed for Sale Contact Agent
  • 14 Apr 2022
    Sold for $7,000,000

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About Corindi Beach 2456

The size of Corindi Beach is approximately 24.3 square kilometres. It has 3 parks covering nearly 14.5% of total area. The population of Corindi Beach in 2011 was 1,453 people. By 2016 the population was 1,680 showing a population growth of 15.6% in the area during that time. The predominant age group in Corindi Beach is 0-9 years. Households in Corindi Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Corindi Beach work in a trades occupation. In 2011, 68.1% of the homes in Corindi Beach were owner-occupied compared with 69.3% in 2016.

Corindi Beach has 841 properties. Over the last 5 years, Houses in Corindi Beach have seen a 66.02% increase in median value, while Units have seen a 34.39% increase. As at 30 September 2024:

  • The median value for Houses in Corindi Beach is $931,696 while the median value for Units is $232,280.
  • Houses have a median rent of $670.
There are currently 6 properties listed for sale, and 3 properties listed for rent in Corindi beach on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Corindi beach.

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