109 Richmond Terrace

Coraki NSW 2471

784.1 m²

House

Currently for sale - view listing

Overview

Triple-Income, Fully Leased $55,016 p.a. | 7.5% Gross Yield

An increasingly rare opportunity has emerged in tightly held riverside Coraki. 109 Richmond Terrace presents the chance to secure three established income streams on one title within a prime mixed-use setting. Positioned directly opposite the Richmond River and just moments from cafés, shops and everyday essentials, this positively geared asset blends lifestyle appeal with reliable, long-term returns. With stable tenants already in place who are happy to stay on, the property delivers immediate income alongside future flexibility. The vendors are highly motivated and committed to achieving a result, presenting a genuine opportunity for astute investors. Income at a Glance Rear residence: $420 per week Front residence: $480 per week Commercial shopfront: $7,200 per annum Total return: $55,016 per annum Approx. outgoings: $4,476 p.a. (33% covered by commercial tenant) Property Highlights Rear Residence -Four bedrooms with spacious layout -Open-plan living, kitchen and dining -Bathroom with walk-in shower, bathtub and separate toilet -Covered balcony and single garage Front Residence -Five bedrooms, built-in robes -Two bathrooms across two levels -Updated kitchen with modern finishes -High ceilings retaining character appeal -River outlook from front bedroom Location Highlights -Directly opposite the Richmond River -Neighbouring Heike's Café and Coraki Hairdressers -Approx. 30m to Memorial Park and playground -Approx. 250m to Spar, bakery and butcher Appr-ox. 1.4km to local primary schools -Approx. 24km to Evans Head beaches -Approx. 25km to Lismore's CBD and central hub Whether you're an investor chasing multiple income streams, a buyer seeking mixed-use flexibility, or looking to live in one residence while leasing the second residence and commercial premises, this versatile property delivers on all fronts. With strong returns, established tenants and a blue-chip riverside position, 109 Richmond Terrace represents a smart, future-focused addition to any portfolio. 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.