4 Lucinda Avenue, Killarney Vale

5 Apartments on 1 Title – Waterfront Reserve 942m2 – Fully Leased $91,000 Return – Clear Instructions to Sell

* Rare and outstanding opportunity for 5 x 2 Bedroom modern apartments all on 1 title in a prime north facing waterfront reserve position that is so sought after yet so tightly held… With clear and strict instructions from our vendors to sell this is a dream chance for anyone looking for a unique rarely available opportunity for high return waterfront property…

* Fully renovated and tastefully finished with a current rental return of $1750 per week (approx. $91,000 per annum) all 5 apartments leased with great tenants in place

* Situated with 4 x 2 Bedroom apartments on upper level all with open living areas, north east facing windows to enjoy the beautiful breezes and outlook over to the waterfront + additional private decking areas. Apartment 5 is downstairs with access out to enclosed level front yard. Apartment 1 is the largest and situated to the front of the complex with a fantastic outdoor decking area to take in the views with gorgeous spacious modern interior.

* Polished floor boards, light and bright interiors, lock up garaging for apartments 1– 4, undercover carport available for apt 5 at the back with still loads of room for potential further building or extension (STCA) to maximise full use of the oversized block.

* Perfectly level approx 942m2 corner allotment with Residential R1 Zoning with loads of frontage for car access and private entry for each of the apartments. Wide 19m approx. frontage x 72m approx. length on corner sides.

* Amazing opportunity to for astute property investors with return potential not normally available in residential real estate. Absolutely loaded with future possibilities and potential where you can leave as is and not need to spend a cent whilst enjoying a healthy return or capitalise on the lot in the future with the rare almost ¼ acre of prime waterfront reserve land.

* Centrally and conveniently located where the picturesque walking/cycling track that envelopes Tuggerah Lakes right at your door, only a couple of minutes to beautiful Shelly Beach, Golf Course, Bateau Bay Charter Square Shopping and a selection of fantastic local schools.

* Unique offering and serious owners looking for genuine offers. 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 | 5 Car

For Sale

$1.75M

Property Type

House

Land Size

942m2

Property ID

833601
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