Sitting in the heart of Coffs Harbour with prime street appeal and good road frontage is this home; having the unique opportunity as both residential and commercial zoning (R2) means you have the ability of working from home and running a business of your own STCA*.
This is the perfect self-starter project for the property entrepreneur who can see a great opportunity when one comes knocking. Situated on a popular street corner with a small thoroughfare running down the boundary, allowing for potential side access this property has ample opportunity for someone to come in and take over.
There are few properties that share this opportunity, to function as a Commercial Business this property would rent in excess of $500 per week as it stands, if fitted to suit a potential business, rental return could increase.
The front of the home facing onto Frances Street is a fully-functional caf with private kitchen perfect for a family run business or small staff.
Separated from the commercial aspect of the property are three expansive bedrooms with original timber floors and built-ins. Upstairs one of the room’s double as a possible home office or guest bedroom.
The owner of this home has cherished his private business and adventure into the hospitality industry, but has decided to pass this business onto potential other owners who may seek a start out, possible businesses could include: doctor’s office, day surgery, dentistry, therapist’s office, barber, restaurant, Bed & Breakfast, Uni student accommodation and guest boarding to name a few.
After our recent appraisal, with a functional business this property would rent at $500 per week and as private residential home without the business at $345 – $370 per week.
Make an appointment to view today.
- 689m2 mostly level corner block
- Prime street frontage
- Commercial rental appraisal $500 per week
- Residential appraisal $370 per week
- Cost to purchase includes caf equipment