59 Terrigal Dr

Terrigal NSW 2260

749 m²

Block of units

Currently for sale - view listing

Overview

Prime Terrigal boarding house with strong income appeal

Positioned in the heart of sought-after Terrigal, this modern and immaculately presented boarding house offers a rare investment opportunity with a strong, established rental return. Just moments from Terrigal Beach, cafés and transport, the property seamlessly combines an exceptional lifestyle location with a proven, income-producing design. - Purpose-built boarding house in a premium Terrigal location - Current gross rental income of $174,200pa - Current outgoings of approx. $31,000pa - All seven self-contained, modern studio rooms are currently leased - Each room includes a kitchenette, living area, ensuite and air conditioning - Private balconies to every room, enhancing natural light and airflow - Five car parking spaces, providing convenient off-street parking for residents - Established, low maintenance income-producing asset - Rare opportunity to secure a proven investment with established returns - Easy walking distance to cafés, boutique shopping and Terrigal's iconic beach KEY DETAILS: Council Rates $3,731pa Water Rates $1,185pa