Outstanding Investment Opportunity in Prime Coastal Location

Rates $3,400 pa | Land 1,120 sqm
Combined Rental $1,050 per week

Positioned on an impressive 1120 sqm block, this property presents a unique opportunity for investors looking to secure a prime piece of coastal real estate. Boasting an expansive 5-bedroom home, currently yielding a combined income of $1,050 per week with reliable tenants eager to continue their occupancy.

The property offers dual access from both Koala Street and Treetop Crescent, providing convenient entry and potential for further development (STCA). The expansive front yard, accessible via drive-through access, offers a blank canvas for future endeavours, making this property a highly lucrative investment.

Ramp access leads to a domain with two generous bedrooms, a bathroom, laundry space, and an air conditioned open plan kitchen, living and dining area, opening onto a sun drenched north facing balcony.

With its own private entry from the side of the property discover another separate area including a kitchen, spacious air conditioned living and dining area, bathroom, and three bedrooms, one super-sized with access onto the verandah.

The elevated north-facing aspect captures abundant natural light and a coastal breeze. Energy-saving solutions include solar panels.

Ideally located just a short 7-minute drive to the CBD and a 5-minute drive to Shelly Beach, this property is in close proximity to transport, parklands, Waniora Shopping Village, and Hastings Public School.

Alternatively, preliminary plans for six townhouses have been drawn up for a potential development of the site (STCA).

Don’t miss out on the chance to secure this unique parcel and benefit from the potential for development and growth in this thriving coastal community.

+ Huge 1120m2 block with dual access
+ Elevated north-facing aspect captures the breeze
+ Drive-through access to securely fenced yard
+ Double garage, carport, solar, air-conditioning
+ Prime location only 5 minutes to Shelly Beach

Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.