Set on a substantial 1535sqm block zoned R40, this outstanding investment opportunity offers immediate income potential with existing infrastructure already in place.
The property comprises an older style 3 bedroom, 1 bathroom main residence, along with two, 2 bedroom fibro duplex units and two, 2 bedroom brick duplex units, providing a total of five lettable dwellings on one impressive holding.
With an estimated combined rental return of approximately $88,400 per annum, this property offers an attractive gross return of approximately 6%, making it a smart and viable addition to any investment portfolio.
Ideally positioned with main street frontage and the added bonus of rear lane access, and conveniently located close to both the beach and town centre, this is an opportunity not to be missed.
