Popular Coffs Harbour hostel on the market

A popular hostel on a well-trodden backpacker route in northern NSW has been listed for sale.

The Coffs Harbour YHA is embarking on an expressions of interest campaign headed up by CBRE’s team of hotel specialists Raymond Tran and Hayley Marvel.

Located at 51 Collingwood, the 1,361 sqm freehold site is in the heart of Coffs Harbour and is just moments from Jetty Beach, Coffs Harbour Marina as well as bus and train services.

The opportunity to secure a prime accommodation facility on the NSW coast is set to appeal to local buyers and from interstate investors as due to its favourable location in between two of the east coast of Australia’s major tourist attractions.

“Coffs Harbour has weathered the pandemic better than most, with a mix of demand drivers including tourism and agriculture,” Raymond says.

The 25-room property features 92 beds across a mix of shared dormitory style accommodation and ensuited rooms. The hostel also boasts a two-bedroom managers residence, parking and recreational facilities including a swimming pool.

“The YHA dominates its position as the market leader within its competitor set and had a record trading year in 2019,” Raymond explains.

The campaign closes on March 18 and Hayley adds that the nature of the offering will attract wide interest.

“There is the flexibility to either acquire the asset with vacant possession or retain the YHA branding under an affiliate franchise agreement,” she tells.

“Alternatively, the site has a favourable zoning, which allows for a variety of alternate uses, including residential, commercial, hotel accommodation, and seniors housing, subject to the relevant planning approvals.”

Address

51 Collingwood St, Coffs Harbour NSW 2450

Agents

Hayley Manvell – 0400 622 452
Raymond Tran
CBRE Hotels

Get Exclusive Access To OzHomeNews

Check out our latest content...

BRISBANE’S MOST EXPENSIVE PENTHOUSE

Award-winning ‘LakeHouse’

The ‘Gem’ In Emerald Lakes

“The One” Penthouse In Cleveland

Coco Privé! Little Cove’s Hidden Gem

La Banos-Tom Marshall Design

Check out our most popular articles!

Exclusive Entertainer’s Dream on the Market

$9.5m ‘Eagles Nest’ Listed on The Northern Beaches

007 Star Lists Malibu Mansion for $140m!

Remarkable Ridgeway Drive Home Up For Grabs

‘Castle in the Sky’ Sold for $4.2m

Top 10 Hottest Properties of the Week

Copy link
Powered by Social Snap