Positioned on a generous 1,156m² parcel of land, this substantial property presents an outstanding opportunity for investors, developers, or buyers with a vision for value creation.
Already generating income through five existing rental units, the property also includes a fully plumbed garden cottage ready to be completed and rented out, creating an immediate opportunity to further increase revenue.
The main residence offers three generously sized bedrooms, all fitted with built-in cupboards and ceiling fans, providing comfortable accommodation for owner-occupiers or future tenants. Modern kitchen with granite countertops, gas hobs and farm style kitchen sink. Dining & spacious lounge rooms and The home enjoys harbour views and is equipped with fibre connectivity, prepaid electricity meters, and security features, adding convenience and appeal for upgraded living.
With this home having been in one ownership for well over two decades, the property would benefit from modernization and cosmetic upgrades, the fundamentals are firmly in place. The expansive grounds, existing income streams, and established improvements can provide an excellent platform for a savvy purchaser to unlock its full potential and maximise returns.