Opportunities like this do not come along often in Evans Head. Set on a generous 1,429sqm block with dual street access and the Evans River directly across the road, this 10-unit complex offers both immediate income and exciting development potential.
The property currently comprises 10 individual units, each with a kitchen, bathroom, and combined bedroom/living space. Nine of the units are leased, providing instant returns for investors, while the block itself sits in a highly sought-after position with scope for future redevelopment (STCA). Zoning permits up to two storeys, offering the opportunity for a thoughtful design to capture river views and unlock long-term value. With the Evans River just across the road, residents can take advantage of nearby tracks that lead to the water's edge-perfect for fishing, crabbing, swimming, or even kayaking in this beautiful natural setting.
Key Features:
- Large 1,429sqm block with rare dual street access.
- 10 units in total, each with kitchen, bathroom, and bedroom/living space.
- 9 of the 10 units currently leased, offering strong holding income.
- Rear units previously updated, while front units remain original condition.
- Prime location directly opposite Evans River, ideal for fishing, kayaking, or crabbing.
- Zoned to allow building up to 2 storeys (STCA), maximising river views.
- Rare offering the largest unit complex ever to come to market in Evans Head.
Whether you're an investor seeking secure returns or a developer with an eye for potential, this property offers a once-in-a-lifetime opportunity. With its size, location, and flexibility, 2628 Mangrove Street is a standout in today's market.
Auction: Tuesday the 11th of November at 2:00pm Onsite
Don't miss your chance to secure this exceptional riverside investment. Contact Brody or Emma today to arrange further information or 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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