Apts 1-5/112 Toowoon Bay Road, Toowoon Bay

Entire Block of 5 Apartments on 1 Title - Just Metres to Toowoon Bay Beach – 929m2

* Outstanding and extremely rare opportunity to acquire a solid and freestanding set of brick apartments on close to a 1/4 of an acre by the beach in one of the Central Coast’s most sought after and beautiful seaside village locations.

* 5x2 Bedroom apartments all currently occupied by fantastic long term tenants in place that treat and respect the properties as their own. Current rental return of $1505 per week (approx $78,000pa) combined with scope for improvement upon further renovation or modernisation that could be done as leases expire or tenants move on in the future.

* Currently set up with 3x2 Bedroom apartments on ground level with open living areas, north facing undercover front porch/verandah areas, good size bedrooms with shared laundry facilities. Upstairs offers 2 larger 2 bedroom apartments with the front facing apartment the largest with huge living area, potential for 3rd bedroom, generous kitchen, private balcony with ocean views and sunny bright interiors. Rear upstairs apartment also with ocean views.

* Prime level approx 929m2 allotment with Residential R1 Zoning includes L shaped rear section that is utilised well by the detached double garage and double carport, additional off street parking for tenants available at rear of block also via full length concrete driveway.

* Possibilities and potential of this property are endless… the positioning alone where you are literally within 150m of stretching your legs on the sand of Toowoon Bay Beach or relaxing with an ocean swim in what is well regarded as one of the most gorgeous stretches of beachfront along the eastern coast and just up from famous Kim’s Camp Luxury Holiday Resort.

* Opportunity to purchase and enjoy the immediate steady return from the multiple income property, future redevelopment, possible Strata subdivision or further building possibilities (STCA), Self Managed Superannuation prospects, simply land bank or utilise the opportunity to be able to live in or holiday in one or two of the apartments in the future and still enjoy a good rental return…

* Truly unique offering and serious owners looking for genuine offers at auction. Don’t let this pass you by…

E & OE. Please note that all information herein is gathered from sources we, McLachlan Partners believe to be reliable. However we, McLachlan Partners cannot guarantee its accuracy and any interested person/s should rely on their own enquiries.

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Brent Speechley 0412 467 796 02 4332 1155
Suzanne Kenny 0414 789 709 02 4332 1155

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10 Bed | 5 Bath | 4 Car

Auction

Sold for $2,213,000
2nd Jun at 2:30pm

Property Type

Block Of Units

Land Size

923m2

Property ID

687429
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