Property for Sale in Korora, NSW 2450

BEACH-FRONT BLOCK OF 7 FULLY TENANTED VILLAS

FANTASTIC OPPORTUNITY FOR
> Extended families / Friends
> Investors
> Developers.
> Buy as Torrens title or under individual titles

This prime block of Villas sitting on 1,102m2 of beach front land just metres from the sand and surf in Korora Bay
39 Sandy Beach Road Korora offers residents a highly desirable walk-swim-surf - and fishing lifestyle, where dog friendly beaches, coastal walks an amazing cafe onsite with a range of dining options within 12 minutes from the doorstep.
Each of the existing Villas are fully furnished with excellent Airbnb opportunity

The Villas present a rare opportunity in one of the Coffs-Harbours premiere Beach suburbs this is an excellent opportunity for extended families to buy in together each with there own title
Currently occupied by seven Villas, 1x 1 bedroom, 3x 2 bedroom and 3x 3 bedroom
The current Rental income from the six Villas $226,800 per annum

This high-growth locale delivers front-row access to the lifestyle precincts of Coffs Harbour Jetty, - The very Big Banana, The Dolphin sanctuary - Park Beach - Plaza and Home depot to name jut a few
Coffs Harbour Bypass is well underway to be partially finished in 2026 diverting 12,000 cars and trucks around Coffs Harbour per day
An excellent airport with flights to Sydney Melbourne and Brisbane
Russell Crowes $400million Movie and film studios currently in planning to be Built near Korora Bay Apartments
Patrolled beaches are just to the North being Sapphire Beach and to the South Diggers Beach (Approximately 10 minutes each way)

<><><><><>DA discussions with Council<><><><><>
We have under taken several discussions with Coffs Harbour Council to look at what an application for a DA would look like, as well as discussions with our Architects and Town-planners. Council has proposed a favorable journey through the approval process to build up to 8 Luxury multi-level Strata Titled Apartments.
The proposed redevelopment of the site proposes 8 three to four-bedroom apartments spanning 200m2 plus, with a Cafe /Boutique restaurant built into the Development owned by the residents with the rent servicing the sinking fund etc.
All of the proposed apartments showcase spectacular uninterrupted ocean views, looking out on the Solitary Islands and natures wonder of the twice a year Whale highway

Please contact me for further details

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.