Positioned on a substantial dual title corner block in the heart of Evans Head, this rare coastal investment opportunity comprises three permanently rented units with a shared in-ground pool and strong existing rental return. The property presents an exceptional chance to secure a long-term investment with future development or expansion potential (STCA).
Located downstairs, Unit 2 is a light-filled two-bedroom, one-bathroom residence with modern updates throughout. The kitchen and bathroom have both been renovated, while LED lighting, ceiling fans and air conditioning enhance comfort and functionality.
Unit 3 is a well-appointed one-bedroom unit with a modern kitchen and combined bathroom/laundry, the unit is tiled throughout and includes air conditioning in the bedroom. Its low-maintenance layout and independent access make it an attractive option for long-term tenancy.
Unit 1 occupies the upper level and is the largest of the three residences, offering three bedrooms and one bathroom. The unit features a modern kitchen with stone benchtops and a large island bench, creating a practical and inviting central space. All bedrooms include air conditioning for year-round comfort, while the rear balcony overlooks the pool area and captures cooling ocean breezes, an ideal spot to relax and unwind.
Key Features:
- Future development or expansion potential (STCA).
- Rare coastal investment opportunity in a tightly held location.
- Dual title 853.6sqm corner block with Lot A 448.9sqm and Lot B 404.7sqm.
- Three permanently rented units plus a shared, large in-ground pool.
- Unit mix includes one 3-bedroom, one 2-bedroom and one 1-bedroom residence.
- Modern kitchens with stone benchtops throughout all units.
- A flat, 250m walk distance to the Local IGA and just 380m to the main street.
- Less than 180m to the Evans River, ideal for fishing, swimming and paddleboarding.
- Only 1.15km to the Main Beach, Surf Club and Sandbar Restaurant.
Positioned within walking distance to Evans Head's main street, local IGA, medical services and everyday amenities, this rare multi-unit coastal investment offers strong appeal in a tightly held market where opportunities like this are increasingly limited.
With immediate income, strong tenant demand and future development potential (STCA), 20-22 Cashmore Street presents a versatile opportunity for buyers entering the investment market, expanding an existing portfolio or securing a strategic coastal holding for the future. For more information and to secure this asset, contact Brody Aleckson or Emma Waterhouse today.
With all 3 units permanently leased, the combined rental income amounts to $1,350 per week.
This property is set to go to Auction on Friday the 12th of June onsite at 1:00pm. Reach out today to register your interest.
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
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