- CBRE has been appointed to sell Coffs Harbour YHA.
- CBRE launches Expressions of Interest campaign for the sale.
- The asset is driven by strong demand as a popular tourism destination.
CBRE Hotel’s Raymond Tran and Hayley Manvell have been exclusively appointed to sell the Coffs Harbour YHA via an Expressions of Interest campaign.
Being a popular stopover point and established tourism destination given Sydney and the Gold Coast, the Coffs Harbour is well-located, being close to Jetty Beach, Coffs Habour Marina, the main retail shopping centre, railway station and coach bus terminal.
The asset is situated on a 1,361 sqm freehold site, featuring 25 accommodation rooms with 92 beds, a mix of shared dormitory-style rooms and those offering ensuites, in addition to a two-bedroom manager’s residence, parking and recreational facilities, including a swimming pool.
Ms Manvell said there is the flexibility to either acquire the asset with vacant possession or retain the YHA branding under an affiliate franchise agreement.
“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.”
Unless sold prior, the Expressions of Interest campaign will close on 18 March 2021.