This solid apartment complex, brick and tile, circa 1974, is on a prime 531m2 parcel of land, in prestigious Pelican Street, one block back from beach and only a short stroll to village amenities; the three strata titled apartments are fully tenanted, and being offered to the market as a complete investment package.
Over three levels, the building is complete with three separate apartments: 2 x two-bedroom, one bathroom, and single lock-up garage plus 1 x three-bedroom, 2-bathroom, and double lock up garage.
All three are tenanted, and units two and three both have a storage facility adjacent to garage; the upper three-bedroom unit also has a north-east facing balcony showcasing glorious ocean views including white water from the crest of the waves - just magic!
• Solid brick & tile unit complex
• 531m2 parcel of land in prime street
• White water ocean views will delight
• 2 x ground level 2-bed, 1-bath, SLUG
• Upper 3 bedroom, 2-bath, DLUG
• Fully tenanted - weekly return of $975
• 2 on site visitor parks, lovely gardens
• One block to beach, short stroll to village
• Coveted location with prestige homes
• Long-term investor owner ready to sell!
The units are in good condition with no immediate money needing to be spent, and any upgrading or modernising over time will value-add, with no fear of overcapitalizing in this tightly held beach side pocket.
With an established grassy garden at front with colourful shrubs and a gorgeous frangipani tree, resplendent and aromatic when in bloom - the outlook across the garden is quite delightful; the rear of the block is cemented with two on site visitor parks and the residents' four lock up garages.
An easy-care design with minimal maintenance needed inside and out, plus in a coveted location just 230 metres north of the vibrant village hub with its boutique retail, dining, tavern, IGA, surf club, and patrolled swimming - it's positioned to maximise views, convenience, and capital growth.
Long-term investor owner is committed seller and will meet the market to secure an expedient result! Investors and land-bankers will recognise the current value and the future potential/possibilities of this site. Exceptional buying.
Land Size: 531 m2(approx)
Other Features / Notes
Built-In Wardrobes,Close to Schools,Close to Shops,Close to Transport,Garden