Positioned on a prominent 1,619sqm holding in the heart of Eumundi, 69 Memorial Drive presents an unusual combination of residential accommodation, established commercial activity and investment potential within one highly versatile property.
Offering diversified income potential of approximately $213,000 per annum, plus GST and outgoings on the commercial component, the property comprises two self-contained residences and two separate commercial spaces, creating flexibility for investors, business owners, extended families or those looking to combine lifestyle and income in a central village setting.
The upper residence offers three generous bedrooms and two bathrooms, with high ceilings, and herringbone timber flooring bringing warmth and character throughout. A contemporary kitchen with extensive cabinetry, quality appliances, island bench and separate pantry connects with the open-plan living and dining areas.
French doors extend the living space onto a large covered deck surrounded by established tropical greenery, providing a private and relaxed setting for everyday living and entertaining.
Positioned separately on the lower level, the second residence is fully self-contained with two bedrooms, one bathroom, its own kitchen, living and dining areas, storage and a covered deck. The separation between the two residences allows for a range of uses, from extended family accommodation to an additional rental income stream.
At the front of the property, the commercial component provides strong exposure to Memorial Drive. A substantial fitness and wellness facility incorporates generous gym and studio spaces, bathrooms, storage, covered outdoor areas and additional training space, while a separate street-facing barbershop provides a second established commercial tenancy.
The commercial tenancies currently generate approximately $109,000 per annum plus GST, with utilities and 40% of rates also payable by the tenants. Residential rental appraisals indicate approximately $1,200 per week for the upper residence and $800 per week for the lower residence, representing approximately $104,000 per annum in additional rental potential.
Few properties offer this level of flexibility within a single holding. Whether considered as an investment, a live-and-work opportunity or a combination of residential and commercial uses, 69 Memorial Drive offers multiple possibilities in a prominent central Eumundi position.
Property highlights:
- Prominent 1,619sqm central Eumundi holding
- Two fully self-contained residences
- Three-bedroom, two-bathroom upper residence
- Two-bedroom, one-bathroom lower residence
- High ceilings, VJ detailing and herringbone timber flooring
- Contemporary kitchens and generous living areas
- Expansive covered decks and established tropical surrounds
- Substantial fitness and wellness premises
- Separate street-facing barbershop tenancy
- 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
- Flexible opportunity for investment, business, extended family or live-and-work use
Contact us for further information or to arrange your private inspection.
