Coffs Harbour resort on the market - accommodation not includedThe Aanuka Beach Resort is for sale - but its accommodation is not included in the deal. Photo: Supplied

Coffs Harbour resort on the market - accommodation not included

A resort near Coffs Harbour on the NSW north coast has been listed for sale with hopes a new owner will further develop the property.

Operated by the Mantra Group under its BreakFree brand with a five-year lease still in place, Aanuka Beach Resort at 11 Firman Drive has direct access to Diggers Beach.

BreakFree Aanuka Beach Resort has been listed for sale with Knight Frank. Photo: Supplied The Aanuka Beach Resort has been operating for 30 years. Photo: Supplied

The property, 389 kilometres south of Brisbane and 535 kilometres north of Sydney, has operated for 30 years. It sits on two strata-titled beachfront lots and includes reception, administration, conference and recreational facilities across 6030 square metres of beachfront land.

However, the accommodation offerings of the resort – 67 strata-titled bures on an adjacent landholding – are not included in this sale.

Donald Watson-Brown and Ryan O’Hanlon, Knight Frank directors, pubs and hotels, Australia, are managing the sales process on behalf of the local owners.

“Current rental nets over $420,000 per annum, offering a lucrative holding income for a site with extensive development upside,” Mr Watson-Brown said.

“The current owners are not in a hurry to sell. They are keen for development of the property to go to a party that has a vision to use the property in a positive way for the local area – whether that is mixed-use residential, hotel, or other type of development.”

Mr O’Hanlon said: “There are many options and it will be up to the owner, but it is clear that this is a solid investment opportunity with underlying value.”

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