2 Philip Road, Mona Vale NSW 2103

Set just along the dividing line between Mona Vale and Newport, this iconic property is actually the facade for two spacious apartments on a generous 815.7sqm land holding. A superb investment opportunity, it's one of the most versatile too. At street level is a fully renovated two-bedroom unit that can be utilised as a home business with eye-catching street presence. A spacious one-bedroom apartment on the ground floor features a huge deck spilling out to the gardens, modern kitchen and contemporary bathroom.

Both spaces have enjoyed a solid rental return over many years, and there is DA approval for an additional granny flat at the rear. The flexibility for the new owner is obvious. Either rent both, rent one and live in the other, or knock down and rebuild an expansive family home facing Philip Road (STCA). The location is fantastic - literally a 7 minute walk to Bungan Beach and a short hop to either Newport or Mona Vale. Superb value with a solid rental yield.

Land size - 815.7sqm approx.

Water rates - $179.06pq approx.
Council rates - $630.38pq approx.

Current rents
Upstairs - $495 per week
Downstairs - $510 per week

For further information or to arrange an inspection please call or email;

Matt Morley on 0418 168 932 and 9981 9416
[email protected]
or
Stephen Murace on 0413 763 993 and 9981 9426
[email protected]

"We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."