Occupying a prominent 1,619sqm holding in the heart of Eumundi, this exceptional property brings together two residences and two established commercial spaces within one remarkably versatile address.
Offering diversified income (approx $223,900), flexible living arrangements and excellent street exposure, 69 Memorial Drive presents a rare opportunity for investors, business owners, extended families or buyers seeking a unique live-and-work lifestyle.
The beautifully updated upper residence delivers three generous bedrooms, two bathrooms and expansive indoor-outdoor living. High ceilings and herringbone timber flooring create an inviting sense of character, while the contemporary kitchen features extensive cabinetry, quality appliances, a large island bench and separate pantry.
Open-plan living and dining connect through French doors to an impressive covered deck, creating a private setting for year-round entertaining among the established tropical surrounds. The accommodation also includes a walk-in robe, ensuite, dedicated laundry and additional porch and deck areas.
Positioned separately on the lower level, the second residence is fully self-contained and comprises two bedrooms, one bathroom, its own kitchen, living and dining areas, storage and a covered deck. This flexible configuration is ideal for extended family, onsite management, guest accommodation or an additional rental income stream.
The commercial component is currently configured as a substantial fitness and wellness facility, incorporating large gym and studio areas, two bathrooms, storage, covered patios, an outdoor shower and additional covered training space.
A separate street-facing barbershop provides a second commercial tenancy and further strengthens the property's income-producing appeal.
Commercial tenancy income is approximately $109,000 per annum plus GST, with utilities and 40% of the rates also payable by the tenants. Residential rental appraisals indicate approximately $1,200 per week for the upper residence and approximately $800 per week for the lower residence.
This is a genuinely distinctive Eumundi offering, combining character-filled residential accommodation, established commercial activity and multiple potential income streams across one substantial and strategically positioned property.
Property highlights:
- Prominent 1,619sqm mixed-use holding in central Eumundi
- Two fully self-contained residential dwellings
- Three-bedroom, two-bathroom upper residence
- Two-bedroom, one-bathroom lower residence
- Contemporary kitchens and generous living spaces
- High ceilings, VJ detailing and herringbone timber flooring
- Expansive covered decks and established tropical surrounds
- Substantial fitness and wellness premises
- Separate street-facing barbershop tenancy
- Two additional commercial bathrooms
- Extensive onsite parking and covered training areas
- Commercial income of approximately $109,000 per annum plus GST
- Residential rental potential of approximately $104,000 per annum.
Contact us today for further information and inspection times.
