151 Lake Rd, Port Macquarie, NSW, 2444 - House Sold on 26 05 2020

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Port Macquarie

SoldMay 26, 2020

151 Lake Rd, Port Macquarie, NSW, 2444

$645,000

2284 m²

House

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30+ days on the market

Sold: May 26, 2020

What's around 151 Lake Rd

TWO VILLAS ON ONE TITLE - PRIME DEVELOPMENT OPPORTUNITY

Nestled on a block of approximately 2284 sqm with nature reserve to rear, is this older style property currently configured as 2 solid villas. Offering the astute buyer a secure return on your investment, as well as the opportunity to develop, land bank or re-develop in one of the areas most convenient locations. With a rental potential of $530 per week and both currently tenanted, the property could be considered as a "blue chip" investment. * Perfect site for medical based business * Huge scope for further development * Room for additional dwelling and second storey on villas * Prime positioning, central to town and beaches * Two solid brick villas, one two bedroom and one three bedroom * Currently rented at $480 per week, with potential for more * Double carport and shared laundry * Held by the one owner for over 40 years Rental potential: $530 per week IDENTIFICATION REQUIRED FOR ENTRY TO ALL OPEN FOR INSPECTIONS