68 William St

Port Macquarie NSW 2444

689 m²

Apartment

Currently for sale - view listing

Overview

Coastal Renovation Project

Rates $5,850pa | Land 689sqm Current Combined Rental Income: $980 per week Positioned on a north-facing 689sqm block this exceptional offering presents an opportunity to secure a well located site within the tightly held Town Beach precinct. The value here lies not only in the size of land and prime location, but what this R4 zoned site has the capacity to become (STCA). Combining immediate rental income with future development potential (STCA), it's a compelling acquisition for investors, developers and land bankers seeking long-term value in one of regions most desirable coastal locations. The property comprises of four units, including 2 x 2-bedroom units and 2 x 1-bedroom units. Current Tenancies + Unit 1: $360 per week, increasing to $375 per week from 18/09/2026 + Unit 2: Vacant + Unit 3: $300 per week + Unit 4: $320 per week Side access leads to a large backyard incorporating a garage, double carport and substantial storage shed. Only 600m from Town Beach, a 2-minute walk to Bandwagon Cafe and approx. 750m on foot to Port Central, the location places beaches, cafes, restaurants, shopping, and the CBD all within walking distance. Port Macquarie continues to experience sustained population growth, significant investment in health, education, and infrastructure, together with increasing demand for housing. These fundamentals continue to reinforce the long-term value of well-located properties close to the CBD and coastline. This is the address every investor wants. Now's the time to make your move! Bring your tools and unlock the potential! Inspection by Private Appointment only + Prime 689sqm block with14.5m building height STCA + 2 x 2BR units 2 x 1BR units + Three currently leased & one vacant + North facing with side access to large backyard + Garage, carport and storage shed + 600m to Town Beach and 750m walk to CBD + Immediate income with future development potential STCA Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.