28 Grandview Drive, Newport NSW 2106

This unique property has three units generating strong rental returns. Live in one and rent out two, in-law accommodation or three incomes. The property has DA approval to strata subdivide the existing residential building into 3 lots.With a private and secluded sunny North East facing aspect, all units having large sun drenched balconies with spectacular ocean views. The property looks over Crown of Newport Reserve and has direct walking access to the reserve and Howell Close leading to the beach.The largest and most modern unit is a detached house-like garden unit with a fantastic child-friendly level lawn, enclosed yard and covered deck area. It has a spacious, light filled open plan layout with large bi-fold doors that let the outside in and creates a sense of space. Unit 1-Freshly painted throughout with new carpet, two good sized bedrooms-Great entertaining balcony with views to Newport Beach-Open plan lounge/dining-Neat and tidy kitchen-Bathroom with separate bath-Separate laundry Unit 2 -Two good sized bedrooms -Spacious balcony with views to Newport Beach-Separate living area with views to the ocean -Kitchen has scope for improvement-Under house storageUnit 3 -Two good size bedrooms both with built-ins-Another smaller room suitable for an office or nursery -Bright and spacious open plan kitchen and dining area-Modern full bathroom including claw bath and separate shower -Great full length balcony with views to Newport Beach -Lush level enclosed back yard with tropical gardens and lower level entertaining area and separate toilet All of the units consistently have strong rental demand and are currently tenanted with lease agreements in place.An easy walk from Newport Beach and Village, this rare 847sqm parcel presents an exceptionally unique offering a superb investment opportunity. A rare opportunity in a sought after Newport pocket with easy access to vibrant eateries, schools and local transport within walking distance. It has limitless options to cater for a host of lifestyles or a prime redevelopment prospect. Price Guide $1,800,000Council Rates:$571.20 per quarterWater Rates:$171.98 per quarter + usageContactCherie Sevenoaks 0414 400 689 / [email protected] Fisher0452 377 614 / [email protected]