1-4/4 Paunelle Avenue

East Lismore NSW 2480

761 m²

Block of units

Currently for sale - view listing

Overview

Investment Opportunity

Positioned as a solid investment or versatile multi-dwelling opportunity, this well maintained brick and tile block of four units offers a compelling mix of renovated comfort and future potential. The two downstairs units have been tastefully renovated, each featuring two generous bedrooms and an expansive open plan layout that seamlessly combines lounge, dining, and kitchen areas. Both enjoy a practical design with a large shower cubicle, separate toilet and a dedicated laundry complete with vanity basin. Upstairs, one unit has been fully renovated to a high standard, offering a spacious open plan living, dining and kitchen area. Two large bedrooms with built-in robes. A third room provides flexibility as a child's bedroom, home office or study. The fourth unit, while not renovated, is in excellent original condition and presents as a mirror image of the renovated upstairs layout. All upstairs units have concrete slab flooring to reduce noise for the tenants' downstairs. A block of four brick carports allocated to each unit can be easily converted into garages. Ideally located just a short distance to Southern Cross University, St. Vincent's Hospital, as well as local schools and shopping facilities. This is an outstanding opportunity for investors seeking strong rental appeal with upside potential, or for those looking to secure a multi-income property in one smart acquisition. The two downstairs units were affected in the (1/500 yr) 2022 flood. Inspection by appointment DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.