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Property description
Commanding a premier position in the coveted ‘dress circle’ riverfront enclave of Nambucca Heads, Marcel Towers represents a truly rare and iconic offering on the NSW Mid North Coast. This landmark property combines unmatched location, scale, and potential—delivering a once-in-a-generation opportunity for the discerning investor or visionary developer.Occupying a substantial 2,191m² parcel of R3 Medium Density Residential-zoned land, with a building height of 12 m. This well maintained complex offers unobstructed panoramic views across the sparkling Nambucca River and the Pacific Ocean. Each of the 12 fully furnished one and two bedroom self-contained apartments is graced with its own private balcony—creating an extraordinary vantage point from every apartment.
Held within the same family for over 25 years, the property is currently operated as a highly successful holiday-let accommodation business. Buyers may choose to continue operating the complex as a premium income-generating asset, or unlock its full potential through redevelopment, strata subdivision, or bespoke residential conversion (STCA).
This prestigious coastal holding includes a reception area, undercover parking, all just moments from the heart of Nambucca Heads’ vibrant village and pristine beaches.
Key Highlights:
Landmark 2,191m² riverfront site in prime location (*Subject to minor boundary realignment set out in the contract)
R3 Medium Density Residential zoning
12 furnished self-contained apartments with private balconies, being 6 x 2 bedroom units and 6 x1 bedroom units. One of the two bedroom apartments can combine with the courtyard apartment to form a three bedroom mega apartment.
Unique balcony views of river and/or ocean from every apartment
Opportunity to strata-title and sell apartments individually.
Premium income potential or redevelopment scope
Undercover parking and on-site reception facilities
Held by the same owners for over 25 years.
Council rates : $20,450.31 per annum
Water Rates : $1,607 per annum
An irreplaceable asset in one of the Mid North Coast’s most tightly held locations, Marcel Towers offers exceptional opportunity for investors, developer’s, or lifestyle buyers.
Call Cheryl Donaldson today on 0466 037 468 for all inquiries.