2/51 Coolawin Circle

Narara NSW 2250

A rare chance to acquire a highly desirable investment. Two strata titled villas to be sold in one line. Offering immediate strong rental returns with no strata levies or the ability to add further value, this property is sure to be a worthwhile addition to your property portfolio. The existing long term tenants have both recently re-signed new 6 month leases, with the properties returning a total of $850 per week. Neatly presented as is, the villas still leave plenty of scope to renovate or further capitalise on the approx 847sqm by extending or further developing STCA. For those looking to downsize, the ability to live in one villa whilst obtaining a consistent income from the other offers a lucrative retirement possibility. Quality brick and tile construction ensures low maintenance living, with multiple off street parking options for motor home, caravan, boat etc. Unit 2 also boasts drive-through access to a house sized rear yard. Unit 1 offers new paint, carpet and blinds throughout. Both villas have the benefit of garages with internal access, fenced yards and an abundance of natural light with desirable North-East aspect to street. With only one neighbour, and backing directly onto the picturesque Mitchell Park, the property offers a truly peaceful yet convenient location. Positioned close to the highly regarded St Phillips school, and mere minutes from Narara or Gosford train stations or the M1 motorway for commuters, all whilst tucked away in a quiet pocket with no through traffic. An ideal location that ensures both high rental demand and a relaxed lifestyle with endless future growth potential.

*Agent declares interest.