154 Annetts Parade, Mossy Point NSW 2537

$725,000

10 beds

5 baths

5 parking

Investment Opportunity at Mossy Point!

Located in beautiful Mossy Point where the pristine Tomaga River meets the sea is this rare opportunity to purchase a flat 1840sqm parcel of land with five two bedroom flats bringing in an income of approx $36 000 with potential to increase. Not only does this property have a great existing income but it is also approved for 5 free standing townhouses with substantial commencement. Demand for this type of property is high in the Mossy Point and Broulee area especially when located an easy walk to popular beaches and swimming spots. Purchase now and develop later and secure the potential to earn an excellent return on your investment. Call now for further information or to arrange an inspection as a rare offering such as this won’t last!

Current approx income $36 000pa
5 x 2 bedroom flats
DA Approval for 5 free standing townhouses

Property Details

• Type: BlockOfUnits
• Bedrooms: 10
• Bathrooms: 5
• Garage Spaces: 5