62 Pacific Street, Corindi Beach NSW 2456

Multi-unit holding | 1,012m² residential land | 500m to beach | No overlay risks The property presents as a rare configuration within Corindi Beach—a seven-bedroom, six-bathroom building on a full residential block of over 1,000 square metres, with building coverage at just 30 percent. This low coverage implies significant redevelopment or subdivision optionality under current zoning, while the existing multi-unit structure already generates rental income. The location within 500 metres of the beach and within established school catchments strengthens its appeal for both owner-occupiers seeking space and investors targeting yield or future land value uplift. The absence of bushfire, flood, or heritage overlays removes common coastal constraints, simplifying development pathways. The primary risk lies in the property’s current multi-unit status, which may require council approval or strata adjustments to unlock full redevelopment potential, and the estimated rental income of $470 per week appears modest relative to the asking price, suggesting a value-add or land-bank thesis rather than immediate cash-flow return. The opportunity is in the land-to-building ratio and the ability to hold the existing income stream while pursuing longer-term subdivision or a single high-value dwelling. This property suits a buyer with patient capital and a clear intention to leverage the underutilised site.