INVEST FOR THE FUTURE

24 Hill Street, Coffs Harbour, 2450

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1,100,000 AUDEst. Mortgage: AUD 7,729/monthFor Sale
  • Ownership Type House
  • Property Area 1,012 sqft
  • Bedrooms 7
  • Bathrooms 2
  • Furnished No
  • Last Updated 29th May, 2024

Amenities

Feature that provides comfort, convenience, or pleasure
  • Open Spaces: 4

Property Overview

This prime investment opportunity in Coffs Harbour is just a short stroll from the CBD and offers incredible potential for both immediate rental income and future development. The property spans 1012m² and is zoned R4 High Density, making it ideal for future projects such as apartments or townhouses.<br/><br/>Currently, the property features dual occupancy with two well-maintained villas. The first villa includes three bedrooms, one bathroom, and two car spaces, and is rented for $500 per week. The second villa has four bedrooms, one bathroom, and two car spaces, generating $620 per week in rental income.<br/><br/>The total rental income of $1120 per week provides a steady return on investment. With its mostly level block and convenient rear lane access, the property is perfect for future development plans.<br/><br/>Situated within walking distance of the Coffs Harbour CBD, this property offers easy access to shopping, dining, and entertainment, enhancing its attractiveness for potential future residential projects.<br/><br/>This exceptional property is a rare find for investors looking to secure a foothold in a rapidly growing area with significant future capital growth potential. Invest in your future with this prime Coffs Harbour property and watch it grow.<br/><br/>Council Rates: $5535.00 Per Annum

Location on Google Map

24 Hill Street, Coffs Harbour, 2450

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