Five Apartments. One Exceptional Waterfront Opportunity.
Positioned directly opposite the water at Casey's Beach, 354 Beach Road presents a rare opportunity to secure a substantial coastal holding with multiple income streams and genuine value-add potential.
Set on an expansive 770sqm parcel of land, the property comprises five existing two-bedroom apartments, offering an established income-producing asset in one of the South Coast's most tightly held coastal locations.
The immediate opportunity is clear. With the potential to renovate and re-let the five apartments at current market rents, investors can unlock an immediate uplift in rental income and value. Beyond the existing accommodation, the property's R3 Medium Density zoning provides a compelling platform for future multi-residential development, subject to council approval.
With the water directly across the road, five existing apartments and a strategic medium-density zoning profile, 354 Beach Road offers the rare combination of holding income, immediate value-add potential and longer-term development upside.
Key Features:
• 770sqm landholding
• Five existing two-bedroom apartments
• Directly opposite the water at Casey's Beach
• R3 Medium Density zoning
• Potential for future multi-residential development, subject to council approval
• Immediate rental upside through renovation and re-letting at market rents
• Strong value-add and long-term investment potential
A rare opportunity to secure a substantial coastal investment with multiple pathways to unlock value.
