5 Victoria Street
Coffs Harbour, NSW 2450

Overview

5 Victoria Street, Coffs Harbour NSW 2450

This exceptional property offers a rare opportunity to acquire a development-ready site with full Development Approval (DA) and civil approvals in place for a five-townhouse project. Strategically located between the Coffs Harbour CBD and the Jetty precinct, this site is zoned R3 Medium Density Residential, making it ideal for medium-density residential development.

The site spans approximately 813 square meters and currently features an existing dwelling that is tenanted, providing a steady rental income of $565 per week. This existing income offers valuable holding revenue while preparations for construction are underway.

The property is set on a level parcel in a quiet neighbourhood, with the street set back from main roads, enhancing privacy and tranquility. The location is highly convenient, being just minutes from both the central business district and the popular Jetty precinct, offering easy access to amenities, shopping, dining, and recreational facilities.

All necessary approvals are secured, including full DA and civil approvals for the construction of five three-bedroom townhouses. The incoming purchaser will need only to pay the required council contributions to trigger the release of the Construction Certificate, enabling immediate commencement of works. This streamlined process significantly reduces delays and upfront risks typically associated with development projects.

This opportunity is particularly suited to developers or builders seeking a project with reduced holding costs and a clear pathway from acquisition to construction. The current owner is motivated to sell due to existing project commitments and is prepared to proceed with a sale if the asking price is met.

Main features of the property include:

• Total land area of approximately 813 square meters.
• Existing dwelling currently generating rental income of $565 per week.
• Prime location just minutes from Coffs Harbour CBD and the Jetty precinct.
• Quiet residential street set back from main roads.
• Development Approval and civil approvals in place, subject to council contributions.
• Zoned R3 Medium Density Residential, suitable for townhouse development.

Interested parties are advised to conduct their own independent enquiries and due diligence to verify all information and assess the development potential. This property represents a streamlined and attractive development opportunity in a sought-after location.

Location