HTL Property brings to market The Observatory Self-Contained Apartments, Coffs Harbour. A rare offering of holiday apartments located on the highly sought-after NSW Mid North Coast. The exclusive agents, James Carrick, HTL Property’s NSW Accommodation Director and Paul Nyholt, HTL Property’s QLD Accommodation Director expect strong interest for the unique asset.

”Opportunities to enter the accommodation market in the Mid North Coast region of NSW have been rare recently, therefore we anticipate strong interest in the Observatory Apartments; particularly noting its premium quality and highly sought-after location” advised Paul Nyholt, HTL Property QLD Director.

The Observatory Self-Contained Apartments is a well-established business comprising 16 freehold self-contained apartments, 2 strata-titled apartments and management rights over a further 4 strata titled apartments (privately owned and not included in the sale).

Ideally positioned, the apartments offer ocean views and are within walking distance to the harbour front and world class beaches.

Coffs Harbour is a major regional centre and is also one of the top tourist destinations in NSW. The city is booming as the 80,000 population continues to grow and boost its $4 billion+ local economy.

Significant local infrastructure investment is underway, including the $2.2 billion Pacific Highway upgrade and the $194 million expansion of the Health campus.

“The few accommodation assets that are coming to market are transacting on sharp yields that are collectively highlighting the growing positivity regarding current and near future macro-economic environment. Accordingly, investors are rushing back to the accommodation sector in order to capitalise upon the resurging tourism market. As such, The Observatory Apartments represents a prime opportunity for an incoming purchaser to secure a well-established business within a booming tourism market and prime coastal location which will underpin long-term value” concluded James Carrick, HTL Property NSW Director.

The Observatory Self-Contained Apartments is being offered for sale via an Expression of Interest Sale campaign managed exclusively by HTL Property and concluding Friday, April 5, 2024.

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