1689 Ocean Drive, Lake Cathie NSW 2445

INVESTORS, RETIREES AND DEVELOPERS TAKE NOTE! This amazing beachside real estate offers a very rare opportunity to acquire a high-yielding residential investment property, combined with dazzling lake, beach and ocean views, and great scope for future redevelopment (STCA). Located in a booming coastal growth area only a 15-minute drive from Port Macquarie CBD, this property truly offers a once-in-a-lifetime opportunity!

*Block of 6 units on one title, level 657m2 corner block, located directly opposite beautiful Lake Cathie entrance
*One of the very few properties with direct lake, beach and ocean views that cannot be built-out
*Comprising 5 x 2 bedroom and 1 x 1 bedroom units, each with 1 x bathroom and 1 x car space
*Solid brick veneer and block construction, shared laundries, large common deck with views
*All units have previously been renovated internally; strong permanent occupancy rates
*Gross permanent rental income approximately $77,000 p.a. Approximately 6.4% p.a. gross yield
*Ultra-convenient location, level stroll to lake, park, beach, shops, bowling club, bus stop
*Woolworths shopping centre, medical centre, pharmacy, cafe, restaurants & hotel all nearby
*Located approximately 4 hours drive north of Sydney CBD, in a booming coastal growth area
*Zoned R1 General Residential, highly visible corner site with great potential to redevelop, subject to Council approval
*Rare opportunity for the astute investor or developer; income/expenditure figures available on request.

Please contact Joe Hawes on 0405 045 381 for more information.

DISCLAIMER: Whilst every care has been taken in respect of the information contained herein, no warranty is given as to its accuracy and prospective purchasers should make and rely on their own enquiries.