1-4/87 Mitchell Parade

Mollymook Beach NSW 2539

739.8 m²

Block of units

Currently for sale - view listing

Overview

Four Units. One Title. An Extraordinary Mollymook Opportunity.

Opportunities this unique in Mollymook Beach are exceptionally hard to find. Set on approximately 739.8m² and offered as four separate two-bedroom units on one title, this property presents an outstanding proposition for investors, developers, holidaymakers and those looking to secure a substantial holding in one of the South Coast's most tightly held coastal locations. Currently configured with two permanent rentals and two short-term rentals, the property provides the opportunity to generate income from day one, with the flexibility to continue the existing mix or explore alternative rental strategies into the future. Each unit is separately metered for electricity, while four off-street hardstand parking spaces service the property. For those looking beyond the existing improvements, the size, position and configuration of the site make this an exciting long-term proposition. Zoned R2 Low Density Residential and occupying a prominent corner allotment, buyers may wish to investigate redevelopment, reconfiguration or further improvement of the site, subject to council approval and all necessary due diligence. Then there is the location, approximately 250 metres from the Duck Pond and access to Mollymook Beach, this is the kind of position that underpins both rental demand and long-term property value. Mollymook Shopping Village is approximately 400 metres away, while Bannisters by the Sea, Bannisters Pavilion, Gwylo and some of the area's most recognised dining and lifestyle destinations are all within walking distance. Whether retained as a four-unit investment, enhanced over time, utilised across permanent and holiday accommodation, or held with a view to future redevelopment, this is an incredibly versatile asset in a location where opportunities of this nature are rarely offered. Key Features: • 4x Two-bedroom, one-bathroom units offered together on one title • Approximately 739.8m² corner allotment • R2 Low Density Residential zoning • Currently two permanent rentals and two short-term rentals • Separately metered electricity • 4x Off-street hardstand parking spaces • Approximately 250m to the Mollymook Beach access track • Approximately 400m to Mollymook Shopping Village • Moments from Bannisters Pavilion, Bannisters by the Sea and Gwylo • Outstanding investment, landholding and future development potential, subject to council approval