An excellent opportunity to secure two self-contained residences on one title in the popular coastal community of Bonny Hills, currently generating a combined rental income of $920 per week.
Positioned on a substantial 780m² corner allotment, 21 Binbilla Drive comprises two attached two-bedroom units, each providing its own kitchen, bathroom, living and dining areas and outdoor space.
For investors, the property provides the benefit of two separate income streams from a single holding, with the significant added advantage of no strata fees. Alternatively, it presents an attractive opportunity for an owner-occupier to live in one unit while continuing to rent the other, providing an ongoing income stream to help offset the costs of ownership.
Unit 1 is becoming vacant soon. Was returning $450 per week, while Unit 2 returns $470 per week, providing a combined gross rental income of approximately $47,840 per annum.
Council rates are approximately $3,000 per annum, further highlighting the appeal of a dual-income property without the additional burden of ongoing strata levies.
### Investment Highlights ###
* Two × 2-bedroom self-contained units
* Combined rental income of $920 per week
* Approximately $47,840 gross rental income per annum
* Unit 1 $450 per week
* Unit 2 $470 per week
* No strata fees
* Council rates approximately $3,000 per annum
* Substantial 780m² corner allotment
* Each unit has its own kitchen, bathroom, living and dining areas
* Built-in wardrobes
* Carport parking
* Outdoor entertaining areas
* Option to live in one and generate rental income from the other
* Two separate tenancies provide diversification of rental income
### Potential for Two Separate Titles##
Adding another dimension to the investment is the property's potential for subdivision into two separate titles.
For the strategic investor, separate titles could potentially create greater flexibility and value in the future, including the ability to retain both properties, sell them individually, or hold one and sell the other.
This potential may also appeal to buyers considering living in one residence while renting the second, with the possibility of creating two individually titled properties in the future.
Any subdivision or separate titling would be subject to council approval and all relevant planning, surveying, servicing and legal requirements, and purchasers should undertake their own investigations regarding feasibility.
### Established Income in a Popular Coastal Location###
Bonny Hills is approximately 18 kilometres south of Port Macquarie and is a well-established Mid North Coast residential and coastal community.
Beautiful beaches, including Rainbow Beach, are close by, together with local shops, tavern and everyday services. The major shopping, medical, employment and other facilities of Port Macquarie are also within convenient driving distance.
Whether you're looking for a straightforward dual-income investment, an opportunity to live in one and rent the other, or a property offering potential future upside through separate titling, 21 Binbilla Drive deserves serious consideration.
Disclaimer: Rental amounts and outgoings quoted are based on information available at the time of advertising and may be subject to change. Any reference to subdivision or creation of separate titles is indicative only and is subject to council approval and all relevant planning, surveying, servicing, legal and other requirements. Prospective purchasers must make their own enquiries and obtain independent professional advice regarding rental returns, expenses and subdivision potential. All areas, measurements, distances and amounts are approximate.
