1517 Ocean Drive, Lake Cathie NSW 2445

Are you an extended family looking for a large home? Are you a smart investor looking to live in one and rent the other and let someone else help pay your mortgage? Are you an astute investor looking for guaranteed above average high rental yield with double income streams? Take advantage of securing this dual occupancy Torrens title home in a fantastic location!

Set on the high side of the street, with views of the ocean this outstanding property is only a 3 minute walk to Rainbow Beach with all amenities; Woolworths, Tavern, shops and restaurants nearby. On offer are two separate townhouses approved as a dual occupancy dwelling, with separate access, electricity meters and parking.

Unit 1 features a huge kitchen, lounge/dining area, laundry with extra toilet and double garage downstairs and is tiled throughout. Upstairs includes three generous sized bedrooms, master bedroom with ensuite, and walk in robe, reverse cycle air conditioning and has its own private verandah with amazing views of the mountains. Separating the bedrooms is an additional living space, which provides plenty of room for the family.

Unit 2 features lounge, dining and kitchen on the lower level, tiles throughout with internal access to the garage. The laundry is located at the rear of the garage. Upstairs you will find two spacious bedrooms, both with built in robes. The master bedroom features reverse cycle air conditioning and flows out to a rear balcony which has stunning mountain views. Additionally there is a 2nd living space which separates both bedrooms.

Combined rent potential is $690pw ($390 for unit 1 and $300 for unit 2). Lake Cathie is just 12 km south of the Port Macquarie Golf Club. Book your inspection today, don't miss out on this outstanding opportunity to secure this home.

Council Rates $2,800pa.