Located in a quiet street opposite a reserve in a premier tourist destination of Coffs Harbour, Calypso Holiday Apartments offers:
- Eleven self-contained 2 & 3 bedrooms apartments
- 50% recently upgraded
- Three bedroom managers residence
- Reception
- Multiple off street under cover car parking including lock-up garage
- Swimming Pool with water slide for kids + BBQ attached very family friendly
Conveniently located in Coffs Harbour with easy access to the beach, there are tourist attractions, cafes, restaurants, boutiques and a shopping center within very close proximity.
Opportunities for the property are endless and include:
- Operate as holiday apartments
- Continue to operate as holiday apartments & permanent rentals together (council approved)
- Convert apartments into permanent rentals and generate a substantial passive income.
- Strata title each individual apartment and manager’s residence.
- Redevelopment potential (with option to purchase council rear lane)
- Promote as over 55s
The business has been built up by the current owners for the past ten years, and during that time they have developed an excellent corporate client base along with repeat leisure business.
The building has been regularly upgraded and maintained continuously.
All apartments are fully self-contained with two or three bedrooms and bathroom, kitchen and living area.
With great occupancy rates which cater for short, medium or long term bookings, this property offers guilt edge returns to the astute investor.