Situated on an 817sqm corner block, this original single level home and additional studio has the development potential to build strata title residences or an attached duplex (STCA). Set in a quiet location with a current gross rental yield of 6.3% making this an ideal property to land bank and slowly acquire development approvals with no rush.
- Three bedroom main residence with ample yard and garage access
- Large living area with renovated bathroom and huge laundry
- Natural fall to sewer mains which corner around the block, not through it
- Currently tenanted for a combined rental return of $1,030 per week
- Separate studio that is removeable, with two bedrooms, single car garage and fenced yard
- The main residence is leased at $590 per week until April 2026
- Rare 817sqm parcel, with an attached duplex on the neighbouring corner block
- An array of pristine local beaches, medical and shopping within a 10 minute drive
- 15 minutes to the M1, 60 minutes to Wahroonga, 45 minutes to Newcastle
- Walking distance to local shops, boat ramps, restaurants and primary school
KEY DETAILS:
Council Rates $1,753pa
Water Rates $1,147pa
