1/4 First Avenue

Sawtell NSW 2452

Positioned in a premium location within the very heart of Sawtell Village lies this spacious, exceptionally tidy two-bedroom apartment.Featuring a generous amount of indoor living space and offering views over First Avenue, the beautiful fig trees, distant mountain range with stunning sunsets, this property offers unmatched convenience to absolutely everything Sawtell Village has to offer.A short 200m walk to Sawtell Beach and Surf Club, while literally 'Smack Bam' in the middle of Sawtell's Cafes, restaurants, sporting clubs and entertainment venues, you would be hard pressed to find a more convenient living or investment option!The Master bedroom is very spacious, includes a ceiling fan, and both bedrooms feature carpet underfoot and built in wardrobes. The bathroom is also quite spacious and includes both a shower and bathtub.The main living space offers plenty of room for a large couch or multiple sofas, a reverse cycle air conditioner and connects perfectly to the kitchen and dining area. The kitchen has a new oven, rangehood, dishwasher and a full-size pantry.The covered outdoor balcony is easily accessible from the living area and is private whilst still offering the animated streetscape and activity of the village main street. The perfect place to sip your morning coffee from Split Caf downstairs or enjoy a glass of wine as the sun sets over the Mountains.Apartment 1 is located on the second level, just one flight of stairs up from ground level. The building hosts 8 residential apartments in total, with the ground level commercial spaces occupied by the popular Split Caf, First Avenue Boutique (clothing and homewares), and our agency office, Sawtell Real Estate Co.The single car lockup garage has an automated door and can be accessed via the rear laneway (Johnston Lane), just off Boronia Street. There is a code key safe attached to the garage which is ideal for holiday letting / Air BnB.The complex also features access to the open rooftop, a communal/common space which offers clotheslines for residents and a great space to enjoy with friends and family while overlooking the Village.When investing in property it is all about the position and this apartment offers a premium location and easy walking access to Sawtell Village, its beaches, and local amenities.Whether you're after a convenient holiday letting investment that you can also use yourself, or a convenient downsize option, inspection is a must!Holiday Letting/Permanent Rental Return.Due to its position and convenience, this property offers fantastic potential for Holiday Letting or short-term stay. Nearby comparatives indicate returns averaging between $300 and $600+ per night depending on time of year, with consistently high occupancy rates.Permanent Rental estimates based on recent comparatives indicate you should achieve approximately $550-$580 per week for long-term tenancy.Additional Information:Council Rates: $2,493 per annumStrata fee: $2,351 per annumCapital Works Fund Balance: Approximately $31,300 (Healthy).- Updates to the property include new LED light fittings, floor tiling, carpets to the bedrooms, new appliances to the Kitchen and a internal repaint.- The building has a healthy mix of both owner occupiers, tenants and holiday letting.- The complex is managed by SMS strata and has been exceptionally well maintained.- Masonry construction keeps ongoing maintenance to the building relatively low and provides fantastic sound proofing within the complex.