57 Beach Street

Tuncurry NSW 2428

The property itself exudes charm and functionality, comprising a well-maintained complex of four beach-style apartments. Each apartment offers a comfortable living space featuring a spacious bedroom, modern kitchen upgrades, and a private bathroom with new A/C units. The complex has a healthy track record of full occupancy and long-term tenants, these apartments generate a reliable income stream, with each one-bedroom unit yielding approximately $320.00 per week, approximately $1,220.00 P/w ( $63,440.00 P/a ) with the potential for increase. Also, a second dwelling at the rear of the property offers potential growth as it has sewer, water and power connected, pending council approval, you could increase your earnings with a minor renovation to create a free standing granny flat.

Investors will appreciate the property's zoning as R3 - Medium Density Residential, presenting exciting development opportunities for the future. With the potential to capitalize on the increasing demand for residential properties in the area, developers can leverage the existing income while exploring expansion possibilities.

Beyond its lucrative investment potential, 57 Beach Street also boasts practical amenities, including a large level yard, carport, and communal laundry facilities, ensuring tenant satisfaction and convenience.

For those looking to secure their financial future while enjoying the benefits of beachside living, this property presents an unmissable opportunity. Contact Todd Hinsby today to seize your chance to own a piece of Tuncurry's coastal paradise and embark on a lucrative investment journey.