One Building: Fully Leased with Multiple Opportunities

Located on a prime corner, in a park front position just one street back from beach, is this multipurpose building with both residential and commercial space, offering an attractive rental return of approximately $137,460 p.a.

Across two levels it comprises two luxe upper units plus self-contained ground floor unit, a fully fitted out restaurant with liquor licence in place (formerly a going concern), an inground pool, and multiple onsite parks including single lock up garage on a 533m2 block, just footsteps to the sand and surf.

Bullet Points:

Residential & commercial combo, beachside location
3 x self-contained units – all currently tenanted
1 x fully fitted out, furnished, licensed restaurant - currently tenanted with annual 3% increase and a 5 year + 5 year option
Prime corner block adjoining park, footsteps to sand
In total: 4 bed, 5.5 bath, kitchen + kitchenettes
Exclusive inground pool & terrace with main quarters
SLUG + onsite resident parking for extra 3 vehicles
Total return of approx. $137,460 p.a.
Close proximity to golf, national parks, local shops
Short drive to airport, undergoing international upgrade
Outstanding lifestyle and/or income opportunity!