Are you looking for a home or holiday home with income on the side? This 1012m2 lot consists of a three bedroom character house plus two tenanted units, with the units alone currently producing $620 weekly rental income. If you are looking for a straight investment, letting the house could produce $1000+ total weekly income. All on one title, there is the potential to sub-divide into two properties of 506m2 each approx, subject to council approval of course.
Just 150m from the beach, this is the ideal location, close to National Park, the surf club & year-round swimming beach and the pub.
Being offered 'as is', this property would suit someone looking for a bit of a project - whilst liveable as is, it is an older property (pre-1970) that is showing its age and after years of tenancies, could do with some TLC.
20 Picnic St is a 3 bedroom house with hardwood floors, high ceilings and lots of windows providing a light and airy feel. The main bedroom is large with a box air con, bedrooms 2 & 3 are on the small side, one due to large built-in-robes having been added. The living space is large with an additional area between the front door and main bedroom that would make a lovely home office or craft room with its nice outlook over the treed reserve across the road. The bathroom and laundry are at the back of the house which opens out into the back yard which has lots of potential, stepping down to a seasonal creek.
1/22 Picnic St is an upstairs unit currently let at $300 per week to March 2023. Also featuring hardwood floors and high ceilings, this unit is also bright and breezy. The main bedroom is a good size at the front of the unit with built-in-robes. The second bedroom is in the middle of the unit just off the lounge and there's a potential third bedroom just off the kitchen, with built-in-robes but currently not fully partitioned off. The kitchen has been renovated and has vinyl plank flooring, whilst the laundry and bathroom are at the back of the unit, which opens up to a small deck with the washing line and views to the hills behind.
2/22 Picnic St is the downstairs unit, currently let at $320 per week to May 2023. This unit has three bedrooms, all with built-in-wardrobes, accessed straight off the living area which runs to the kitchen at the back of the unit off which is the bathroom. There's a good-sized back yard with a paved patio area.
Contact Alex to arrange a private inspection by appointment.
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