5 Norman Street, Umina Beach NSW 2257

* 3 UNITS BEING SOLD IN ONE LINE
* CURRENT COUNCIL APPROVAL FOR STRATA SUBDIVISION
* DOUBLE BRICK CONSTRUCTION
* MUST BE SOLD

Add a prime investment to your portfolio with this substantial multi-residential property located on one of Umina Beach's best streets. This rare offering is a mere 230 metres (approx.) to the beach and 80 metres (approx.) to West Street shopping, providing immediate access to an abundance of lifestyle hotspots. This is a blue chip investment, ideal for investors with the additional benefit of strata approval in place for sub-division into three separate titles.

Situated on 682.9m2, the purpose-built block features three neatly appointed and fully functional double brick units for sale "in one line", each with dedicated facilities, courtyards and single lock-up garage. There is also a separate studio suitable for owner accommodation or, alternatively, an additional space to integrate with unit 2 (as per strata approval) to generate additional income.

This turbo charged, feature packed investment opportunity will never be repeated so don't hesitate.

- Three spacious two bedroom apartments (each approximately 70-72m2 internal area) - each with private, sunny courtyards, single lock-up garages and private laundry facilities
- Solid, quality double brick/ concrete slab construction throughout
- Bonus, separate self-contained studio - designed and historically utilised for long-term holiday accommodation by the owners
- Bright interiors - open living and dining spaces with plenty of natural light
- A deep level block with shared pathway plus rear lane access for parking
- Solid growth and rental scope with strong annual returns
- Huge potential to further update apartments and increase rental yield
- Units 1 and 3 currently leased to long-standing, quality tenants

Water Rates: appox $720.32 p/a
Council Rates: approx $4,142.07 p/a


DISCLAIMER: We have obtained all information herein from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

LOOKING TO BUY BUT NEED TO SELL FIRST? There are many options available to make this transition possible. The team at Ray White Umina Beach are here to assist and make this transition as simple and stress free as possible. Contact us to find out more.

To view more properties, go to www.raywhiteuminabeach.com.au

Call now to arrange your private inspection! 02 4342 7011