TERRIGAL

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Subject: TERRIGAL

For sale

$1,000,000

Strong Yield - investors dream.

Property ID: 6070697

Inspection Times:

  • Thursday 18 October at 11:00AM to 11:30AM

Less than 400m flat walk to beach and shops from this quiet residential cul-de-sac. Fabulous location – this flexible property allows you to rent part of the property and use the rest for yourself.

Current Dwelling:

Three individual units operating under existing use rights all with separately metered power;

Unit 1- one bedroom ground floor self contained

Unit 2- two bedroom first floor ocean & district views

Unit 3- Two bedroom and large office top floor, ocean view, with off-street parking and direct access driveway

Prior weekly rent of $1200. Look at that yield – and don’t forget the prospect of Capital Growth too.

Rent out all the whole property (originally built as three units) and get a steady income? Or holiday rent / AirBNB and occasionally use for yourself? Or review the previous plans to see what your options might be for a redevelopment? Maybe even live in one unit, and use another as a home based business? Think outside the box.

Call Carol on 0438 802 648 for more details

Land Area531.0 sqm
3194.profile
Terrigal - Avoca Beach

Terrigal - Avoca Beach

https://www.raineandhorne.com.au/terrigal

Phone Terrigal 4385 1000 - Avoca Beach 4382 1444
Fax Terrigal 4385 2074 - Avoca Beach 4382 3516

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R&H Suburb Profile: Terrigal

R&H Suburb SummaryHouses
Number of sales 178
Average Price $993,835
Median Price $910,000
Median Rental Price $600 p.w.
Change in Rental Rate (5yr) 33 %
R&H Suburb SummaryUnits
Number of sales 143
Average Price $789,935
Median Price $794,000
Median Rental Price $550 p.w.
Change in Rental Rate (5yr) 25 %
Terrigal, NSW - Median Trend
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