Positioned in one of Maclean's most tightly held and strategically important locations, 18 - 20 Clyde St (Business on Clyde) presents a rare opportunity to secure a dual-income property with genuine flexibility along with olde world appeal.
From an investment perspective, the numbers are compelling. The combined rental assessment indicates total income of approximately $900 per week. This diversified income stream provides investors with immediate cash flow, reduced reliance on a single tenant, and the ability to adapt to changing market conditions.
What further strengthens this opportunity is the property's longstanding track record as a commercial asset. Over many years, it has successfully accommodated a range of professional and commercial tenants demonstrating both adaptability and broad tenant appeal.
The flexibility doesn't stop there. Depending on strategy, an incoming owner may:
• Retain both dwellings as income-producing assets - be that residential or commercial letting
• Live in one section while leasing the other to offset holding costs
• Operate a professional or consulting practice from one side
• Or, in time, reconfigure the entire property to suit evolving residential or commercial or objectives
• Currently, the property consists of one x 1 bedroom apartment with sleepout / sunroom and one x 2 bedroom apartment with sleepout / sunroom
Location is a major driver of long-term performance, and this one is unquestionable. Set within Maclean's professional and medical precinct, the property sits just one block from the Clarence River, Maclean Hospital and CBD, ensuring ultra convenient owner enjoyment or enduring demand from a wide range of tenancies.
Adding further value is the building itself - a beautifully preserved circa 1902 Francis Robinson residence, built by one of the Clarence Valley's most respected early builders. The property has been carefully maintained and refreshed inside and out including ducted air conditioning and access ramp meaning any future upgrades are likely to be elective rather than essential.
Investors will also appreciate the 860m² corner allotment, already configured across three separate commercially zoned titles, along with six off-street car spaces - a significant advantage in a central location.
Opportunities offering this combination of yield (around 5.85% gross), location, zoning and future upside are rare in Maclean. Your private inspection or attendance at one of the scheduled open homes is strongly encouraged to fully appreciate the scope of what's on offer.
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