Unique Lifestyle/Retirement Property in the heart of the Rocks

This unique property offers it’s new owner 3 existing units with a strong rental history and development approval for the addition of a new 3 bedroom home at the rear.

It is centrally located in town, opposite a supermarket and associated shops, walking distance to the beach, with a bus stop out front.

The property would be ideal for someone looking to retire to the Rocks – it offers a new three bedroom home to build at the rear of this huge 1088sqm block, and three existing units that will produce ongoing income in excess of $450 pw. The three units comprise two 2 bedroom units at ground level and a large 3 bedroom unit on the first level.

Investors will also benefit from the strong rental history and attractive yield in an environment of record low interest rates, with the bonus of being able to add capital value to the property by adding a new home and strata titling the four dwellings.

All Council development consent and construction certificate requirements have been met in respect of the new three bedroom home and the strata titling of the front three units, and works have recently commenced.

The current owner will complete the building works prior to settlement if you would prefer to acquire the property on a completed basis, or take possession now and complete the works in accordance with your own design preferences.

The owner is keen to move on to new projects, and is very willing to entertain all reasonable offers.

Call us now for further details of this wonderful investment and/or lifestyle opportunity in the heart of South West Rocks.