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Are you looking for an alternative way of investing your hard earned savings? Banks will only be offering you less than 1% cash return and ZERO growth. This property is a great opportunity for an astute investor. Offering a potential gross cashflow return of almost 6%. PLUS capital growth (past 5 years have averaged 7% in Lake Cathie.)
Two separate residences situated on a single titled 676m2 level block.
Residence 1 is fronting Ocean Drive and has 3 bedrooms (2 with BIWs), open living plan with a modern kitchen and a brand new tiled bathroom. The living areas open onto a grassy well fenced back yard. There is a tandem double carport, high enough for your boat or caravan. This flat has a potential rent of $410 pw.
Residence 2 has a large bedroom (BIWs) plus a generous space for a potential 2nd bedroom. Also offers a functional elect. kitchen, a spacious open living area, tiled bathroom and good storage. It has a private enclosed yard and a double length carport. Already tenanted at $360 pw.
Perhaps live in one and get some income from the other. You or your tenants can enjoy a coastal village atmosphere & just 100 metres from the beach.
What a location! Central to the Lake, 100 m to the ocean beach & not far to the local bowling club. The local shopping complex is just 1km away (Woolworths) & a comprehensive medical centre is just a bit further along. With Port Macquarie only 15 minutes by car.
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