Block of seven apartments, harbour views, development potential...
22 Camperdown Street, Coffs Harbour
Allambie boutique apartments represents one of Coffs Harbour's finest positions with expansive harbour views and convenience to restaurants, beaches and entertainment. Currently comprising 7 apartments, the complex is currently permanently tenanted with strong rental income. The apartments are a mixture of 2 x three bedroom, 4 x two bedroom and a one bedroom configuration. Each apartment offers great flexibility, size and enjoys either a view of the harbour or surrounding hills. Developers can take advantage of the location with the property ripe for redevelopment in the heart of the Jetty Precinct. The current height limit of 15.5.m allows flexibility and previous approvals included a transformation of the site into 7 luxury 'penthouse' styled apartments or maintaining/refurbishing the existing structure and adding additional apartments on the site. Future development is only limited by your imagination and council consideration. This landmark property also offers a pool area, basement carpark and common areas. Sited on 1483m2, the choice is yours to either capitlise on the existing setup or develop a luxury apartment building in the sought after Camperdown Street strip. Combining one of Coffs Harbour's finest locations with unrivaled future development potential, holding income and alternate uses, Allambie Apartments offers a never to be repeated opportunity for the astute purchaser.
Land size: 1,483m2 (approx) - Rates: $16,741pa (approx)