Outstanding Investment Opportunity in Prime Coastal Location
Rates $3,400 pa | Land 1,120 sqm Combined Rental $1,050 per week
Positioned on an impressive 1120 sqm block, this property presents a unique opportunity for investors looking to secure a prime piece of coastal real estate. Boasting an expansive 5-bedroom home, currently yielding a combined income of $1,050 per week with reliable tenants eager to continue their occupancy.
The property offers dual access from both Koala Street and Treetop Crescent, providing convenient entry and potential for further development (STCA). The expansive front yard, accessible via drive-through access, offers a blank canvas for future endeavours, making this property a highly lucrative investment.
Ramp access leads to a domain with two generous bedrooms, a bathroom, laundry space, and an air conditioned open plan kitchen, living and dining area, opening onto a sun drenched north facing balcony.
With its own private entry from the side of the property discover another separate area including a kitchen, spacious air conditioned living and dining area, bathroom, and three bedrooms, one super-sized with access onto the verandah.
The elevated north-facing aspect captures abundant natural light and a coastal breeze. Energy-saving solutions include solar panels.
Ideally located just a short 7-minute drive to the CBD and a 5-minute drive to Shelly Beach, this property is in close proximity to transport, parklands, Waniora Shopping Village, and Hastings Public School.
Alternatively, preliminary plans for six townhouses have been drawn up for a potential development of the site (STCA).
Don’t miss out on the chance to secure this unique parcel and benefit from the potential for development and growth in this thriving coastal community.
+ Huge 1120m2 block with dual access + Elevated north-facing aspect captures the breeze + Drive-through access to securely fenced yard + Double garage, carport, solar, air-conditioning + Prime location only 5 minutes to Shelly Beach
Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Nearby sales
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We found 10 houses with 5 bedrooms that just sold near 50 Koala Street Port Macquarie
Property history
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06 Nov 2021
Sold at auction
LJ Hooker Port Macquarie
$1,000,000
Contract: 06/11/2021
Listed: 13/10/2021
Days on market: 24
Block size: 1120m²
Transfer type: Full transfer
Port Macquarie suburb information
A little bit about who lives locally, as provided by government census data
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.