57 Carawa Road, Cromer NSW 2099

unique investment! residential unit and commercial space

Lifestyle - Positioned perfectly in a popular shopping village in Cromer, this unique Torrens Title property has been tightly held for over 20 years. It includes a street level commercial space and a separate residence upstairs, set on a level 221sqm with guaranteed rental returns there is superb scope for development.

Accommodation - Interiors are bright and airy and feature an open plan living and dining space with large picture windows that overlook the level back garden. Well presented kitchen with storage options, two spacious bedrooms, bathroom and separate laundry. The commercial site is over 51sqm and offers a kitchenette, laundry and bathroom.

Features - Capitalise on both the residential and commercial market in years to come, benefit from instant income with two very happy tenants who want to stay. The property could lend itself to a development opportunity with neighbouring properties STCA. Located in walking distance to schools and popular bus routes, this is a unique and rare investment opportunity not to be missed.

Current rent and outgoings:
Apartment: $430.00 per week
Potential Commercial Rent: $450 - $500per week
Council:$455pq
Water: $177pq