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Description: Steeped in nearly 70 years of local history, the iconic First Avenue Cinema was once the heart of Sawtell.
It's now in need of some new blood, in terms of imagination, invigoration and investment, to breathe life back into the property.
The property is in an unsurpassed location, right in the middle of the surfside village and ripe for re-development. The site slopes gently from the main street toward the rear lane, with 846sqm and is zoned 3C (town centre) or B2 (local centre).
The potential uses are only limited by your imagination and the following uses are only some
possibilities, these can be made either jointly or separately:
- Cinema
- Theatre
- Restaurant
- Museum
- Function centre
- Backpackers accommodation
- Residential accommodation-permanent/holiday
- Commercial space-offices/retail
In its' current form, the property presents as a 400 seat cinema with projection room, stage, tiered seating, ticket box, grand foyer, candy bar, male and female toilets, plus pedestrian access on both sides, and rear lane access.
Historically, Sawtell has always been well-known as a seaside holiday destination and surfing mecca. In recent years, the village has undergone an economic revitalisation with an emphasis on boutique retailing and a growing café culture, all under the broad canopy of the First Avenue fig trees. The villages' proximity to Coffs Harbour and the natural beauty of the area have drawn visitors from far and wide, with a University study proclaiming Sawtell as "the most desirable place to move in NSW."
For those not familiar with Sawtell, the village is just 11km south of Coffs Harbour, and the idyllic coastal town has the best of both worlds-close to all services and amenities of a thriving regional city, yet far enough away to retain its own identity and flavour. Just a short stroll from First Avenue are tennis courts, a croquet field, swimming pool, pristine beaches, a rock pool and Boambee and Bonville Creeks which are popular year round for fishing, canoeing and boating.
The building is heritage listed (as local interest rather than State) but this does not prohibit any future renovations, additions or alterations and in fact, attracts a number of opportunities:
- Heritage grants
- A wider range of allowable uses
- Free technical advice and advice on upgrades from council
- Possible reduction of council rates and land tax
The consistent increase in property values of Sawtell over the years has attracted investors, both local and national, with a multi-use development planned for next door, and there are already qualified investors looking for the possibilities of a joint venture.
We welcome all enquiries regarding the property and would be pleased to consult with any prospective purchaser and the relevant Coffs Harbour City Council officers regarding their ideas for possible uses.
www.unre.com.au/fir25
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LAND SIZE: 846 sqm RATES: $7,840.36 per annum
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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