Discover the endless possibilities with this versatile property, offering the option of two fully self-contained apartments with the potential for a 5.5%-5.7% gross return, or a spacious family home.
Perfectly positioned on the fringe of Port Macquarie's vibrant CBD, this unique residence caters to investors seeking a strong rental return or homeowners looking for a flexible living arrangement.
Located just minutes from Settlement City Shopping Centre, Westport Park, Charles Sturt University, and TAFE, this address combines convenience with a relaxed lifestyle.
Surrounded by an array of cafes, restaurants, and clubs, and only a short stroll from the beautiful Hastings River, this property offers the best of both urban and coastal living.
Currently configured as two separate apartments, the property offers immediate income potential, with one tenanted until November 2024 and the other vacant, ready for an owner-occupier or investor. Each apartment has its own single garage and a shared laundry, providing practicality and convenience.
The upper-level apartment boasts a light-filled interior with three spacious bedrooms, a living area featuring soaring cathedral ceilings, and a sunroom that captures a stunning northerly aspect with panoramic views of the Hastings River. The modern kitchen, equipped with quality appliances and a stone benchtop, enhances the contemporary feel of the home.
The lower-level apartment, with its own private entry, enjoys a large covered deck perfect for alfresco dining or relaxing in the coastal breeze. Its generous floor plan includes a well-appointed kitchen with a breakfast bar, a comfortable living area, and direct access to a private lawned garden, ideal for entertaining or unwinding.
Both levels are equipped with air conditioning and modern bathrooms, ensuring comfort and ease of living whether used as individual residences or combined into one large home. The expansive 739.8sqm block offers each apartment its own garden.
For investors, the strong rental history and high demand for well-located properties make this an attractive proposition. For homeowners, the flexibility to live in one apartment while renting out the other provides additional income or the potential to create a multi-generational family home, complete with solar system.
Whether you're looking for an investment with dual income potential or a home that adapts to your family's needs, this property is the one.
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