81 Raleigh Street
Coffs Harbour, NSW 2450

Overview

81 Raleigh Street, Coffs Harbour NSW 2450

Positioned just a short stroll from the fairways of Coffs Harbour Golf Club, this rare offering places you within easy reach of the course, ideal for golf enthusiasts who want to keep their swing sharp and tee times close to home. Located approximately 200 metres from the 12th hole, this elevated property enjoys sweeping views across manicured greens, tranquil water hazards, and rolling fairways that create a picturesque backdrop.

The property is characterized by consistency and potential. It comprises a two-storey complex with four 2-bedroom units on a single title—two units on the ground level and two above. Each unit is currently leased to long-standing, reliable tenants, providing steady rental returns. There is clear opportunity to enhance the investment through cosmetic upgrades, rental adjustments, or a broader repositioning strategy. All leases are on a month-to-month basis and currently sit below market value, presenting immediate potential to improve yield.

While the existing buildings are solid and functional, the true value lies in the landholding itself. The generous, mostly level block measures approximately 815.7 square metres and features a spacious rear yard. The property includes two double carports accommodating four vehicles. Electricity is separately metered. Zoned R2, the site offers flexibility for future development, subject to council approval, whether you choose to renovate, rebuild, or hold the land for future opportunities.

This property represents a rare chance to secure a premium position in a tightly held pocket, suitable for investors seeking reliable income, developers eyeing future potential, or golf enthusiasts wanting to live moments from the fairway. Opportunities like this are uncommon, especially those offering seamless access from front door to first tee.

Property Overview:

• Block of 4 units on one title
• Four 2-bedroom units
• Two-storey building constructed circa 1970
• Elevated, mostly level 815.7 square metre block
• Two double carports providing 4 car spaces
• Electricity separately metered
• Month-to-month leases
• R2 zoning
• Approximately 200 metres walk to the golf course (12th hole)
• Council rates approximately $10,110 per annum

Expressions of interest for the property are to be submitted prior to 5pm on Friday 10th April. The vendor reserves the right to sell prior to the closing date. Interested parties are encouraged to enquire via the listing to receive an information pack and offer form. Early submission of offers is recommended to stay informed. Prospective buyers should consult with their builder or planner to assess development potential.

Disclaimer: While all care has been taken to ensure the accuracy of the information, no warranty is given. Interested parties must make their own independent enquiries.

Location