Positioned just 100m from the shores of popular Surf Beach and adjacent to Surf Beach neighborhood shopping complex, is this excellent investment opportunity with loads of potential and reserve on two sides.
A solid brick building that has the opportunity to be converted to strata title STCA, each unit already has its own separate water, electricity, gas and undercover parking space.
Not only is each unit already leased, but it has the potential to earn $1,750PW as a permanent rental offering a gross rental yield of 5.69%
Buy now and secure a beachfront development site with a strong income until you are ready to realise this parcel's full potential.
Offering 891sqm zoned R3, recent developments in Batemans Bay with this same zoning have been approved to build up to 20m. This site already enjoys water views from a second floor; imagine the ocean view panorama you could capture from a future multilevel development.
The potential is obvious, the position is hard to beat, and the opportunity is yours to take. Don't let this one slip through your fingers - call me today for the full information pack and secure your piece of this sought-after beachside location.
**Buyers please note this property is leased to four separate tenants on a permanent basis and for this reason, only qualified buyers who have reviewed the information pack and provided adequate notice will be able to conduct a thorough viewing of the building**
