Set in the much-loved coastal village of Stuarts Point, renowned for its glistening river and endless beaches, this is an outstanding opportunity to secure a property with exciting future upside. With the upcoming sewer scheme and increasing interest in residential development, now is the perfect time to invest and get in at ground level.
This substantial property has been thoughtfully configured into three self-contained units, offering immediate income with long-term potential.
Unit 1 features two bedrooms, a spacious lounge, large eat-in kitchen, combined bathroom and laundry, plus a huge enclosed veranda ideal for additional living or entertaining space.
Unit 2 offers one bedroom, a comfortable lounge, eat-in kitchen, bathroom, and an external laundry located on the rear deck, along with a fully fenced yard.
Unit 3 includes one bedroom, lounge, eat-in kitchen, combined bathroom and laundry, rear deck, and is also fully fenced.
All units benefit from off-street parking and are currently leased to long-term tenants with solid rental histories, providing immediate and reliable income.
Positioned on a generous 899.2sqm block with three street frontages, the existing dwelling occupies only approximately half the land leaving significant scope for future development (STCA).
The property has been well maintained and upgraded in recent years, featuring modernised kitchens and bathrooms, an upgraded meter box, 3-phase power, solar system, and energy-efficient heat pump hot water. Importantly, the sewer scheme contribution has already been paid, and the property is fully surveyed and pegged.
With its prime location and development potential, this site presents exciting possibilities for future redevelopment, boutique accommodation, or even a café or eatery (subject to council approval).
Inspections are by private appointment only, allowing you the time and privacy to fully explore the property and its potential.
Contact Lyn Scott on 0402 277 658 to arrange your inspection.
