Positioned in one of Umina Beach’s most sought-after pockets, this exceptional property presents a rare combination of immediate rental income, strong development upside, and a comfortable, updated residence.
** DA APPROVED FOR DUAL OCCUPANCY WITH TORRENS TITLE SUBDIVISION **
Set on a generous and level 620sqm block, the existing two-bedroom, one-bathroom home has been tastefully updated and is currently leased at $560 per week, providing reliable income from day one.
Further enhancing the investment appeal is a self-contained cabin, currently returning $210 per week — an outstanding bonus for investors seeking multiple income streams.
With rear lane access, a single garage, and a recently approved DA for dual occupancy with Torrens title subdivision, the essential approvals and preparations are already in place. This allows buyers to move forward immediately with building, subdividing, or creating a high-performing dual-income asset.
Property Highlights:
- Approx. 620sqm level parcel of land
- Updated 2-bedroom, 1-bathroom residence
- Self contained cabin
- Strong combined rental return of $770 per week
- DA approved for dual occupancy with Torrens title subdivision
- Rear lane access and single garage
- Conveniently located close to beaches, shops, cafés, schools, sporting fields, and public transport
Whether you’re a developer, astute investor, or a buyer seeking long-term flexibility and growth, 57 Adelaide Avenue offers a standout opportunity in the heart of the Peninsula.
With DA approval already secured and income in place, opportunities of this calibre are rarely offered. To arrange further details or take the next step, contact Liz Donohoe today on 0484 392 143.
