NON-STRATA FREESTANDING DUPLEX PAIR - ENJOY THE INCOME OR DEVELOP
Detailed information memorandum available upon request.
This well maintained, income producing property sits opposite the beach and presents the astute investor a number of opportunities to improve yield.
Sitting on a 657m2 flat and fully fenced block, this original duplex pair has had some renovations made and has long term tenants.
There is scope significantly increase the current rental income from $49,660 because tenants are long term and have not been subject to the regular increases. Alternatively subject to Council approval you can potentially redevelop the site or add onto the existing structure to increase the number of units.
Close to patrolled beach, medical centre, surfing beaches, stunning headland, Woolworths, specialty shops, coffees, bars and public transport.
Feel free to contact agent for a comprehensive information pack and to inspect the property.
