50 Saumarez Street

Vincentia NSW 2540

- a 3brm one side and a 2brm on the other side, divided by a common party wall
- a decent dwelling with a good sized granny flat

The house has an NBN box out front, yet driveway / parking access can be designed around this for any duplex development.

The two level home is set out as follows:

Downstairs has a good sized drive through garage, entrance hall, downstairs bathroom, internal laundry, a second living area, a large bedroom, and access to a large, undercover BBQ and patio area.

Upstairs has 3 bedrooms (1 with its own balcony, 2 with built ins), a shared bathroom with separate toilet and vanity areas, an open plan living, dining & kitchen area, large windows that take in the views of Jervis Bay, and front and rear balconies off the living area.

The house will be sold fully furnished, so can be continued immediately as a holiday rental property.

Holiday rental income for FY2021 was $38,678 and FY2022 income was $33,327 for what was only 8 months of trading. The property has obvious potential to be modernised, which would improve the holiday rental occupancy and nightly rates.

The house was built in the early 1980's and mostly retains all original features. It has been very well maintained by its current owners. There is immediate, easy potential to extend one of the timber balconies to create a fantastic indoor / outdoor entertaining area with huge views of the bay. Or in time, the whole property could be redeveloped.

Annual rates are $2,242 and the water / sewer availability charge is circa $980 per annum. The land tax value is $628,000.

Many options present, but the house is ready to use as a beach house, private residence, or a private weekender!

Inspection is by appointment only. Please contact Craig McIntosh on 0455 544 228.