This is the ideal investment opportunity with a triple income from day one and with the owners sending the message that they want it sold they have priced it accordingly! Currently offering three incomes on one title. Set in a tightly held headland position of Camden Head the site is ideal to buy and maintain the current tenancies or look to renovate and utilise as a possible air bnb property (STCA), the opportunities are endless. Some key features include:
Property Features:
- 607m² level headland position block prime for capital growth
- North-facing aspect with ocean views
- Three separate units with tenants already in place and in leases
- Two single lock-up garages plus a carport
- Shared laundry facilities
- Each unit and the shared laundry are separately metered for electricity
- Individual hot water systems for each unit
- Capital growth over past 5 years within this area sits at approximately 38%
- Rental yield is approximately 4.91% compared to an average of 3.7% in that area
Unit Breakdown:
Unit 1 (Top Floor):
Current rent: $365 per week
Lease expires: 22/09/2026
Potential rent: $380 to $400 per week
Ocean views, Spacious, three bedrooms, one bathroom, single lock up garage
Unit 2 (Ground Floor):
Current rent: $300 per week
Lease expires: 22/09/2026
Potential rent: $300 to $320 per week
Two bedrooms, one bathroom, lock up garage
Unit 3 (Ground Floor):
Current rent: $280 per week
Lease expires: 18/09/2026
Potential rent: $300 to $320 per week
Two bedrooms, one bathroom, carport & storage room
Property Details:
Council Rates: $3,710 approx. pa
Land Size: 607m²
Current Total Rent: $945 per week
Potential Total Rent: $980 - $1,040 per week
Opportunities like this are rare, so whether you hold as a multi-income investment, renovate to increase returns, or transform it into your dream home, this property offers endless potential in one of Camden Head's most desirable locations.
For more information or to arrange your private inspection, contact us today.
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.
