1689 Ocean Drive, Lake Cathie, NSW, 2445

Property Details

Type Residential Sale
Price Undisclosed
Property Type Block of Units
Sold At 09/10/2018
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Joe Hawes

Joe Hawes

P: 02 6585 4600

E: joe@mncproperty.com.au

M: 0405 045 381

F: 02 6585 4694

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  • 11
  • 6
  • 6

OUTSTANDING COASTAL INVESTMENT - LAKE, BEACH and OCEAN VIEWS near PORT MACQUARIE

INVESTORS, RETIREES AND DEVELOPERS TAKE NOTE! This amazing beachside real estate offers a very rare opportunity to acquire a high-yielding residential investment property, combined with dazzling lake, beach and ocean views, and great scope for future redevelopment (STCA). Located in a booming coastal growth area only a 15-minute drive from Port Macquarie CBD, this property truly offers a once-in-a-lifetime opportunity!

*Block of 6 units on one title, level 657m2 corner block, located directly opposite beautiful Lake Cathie entrance
*One of the very few properties with direct lake, beach and ocean views that cannot be built-out
*Comprising 5 x 2 bedroom and 1 x 1 bedroom units, each with 1 x bathroom and 1 x car space
*Solid brick veneer and block construction, shared laundries, large common deck with views
*All units have previously been renovated internally; strong permanent occupancy rates
*Gross permanent rental income approximately $77,000 p.a. Approximately 6.4% p.a. gross yield
*Ultra-convenient location, level stroll to lake, park, beach, shops, bowling club, bus stop
*Woolworths shopping centre, medical centre, pharmacy, cafe, restaurants & hotel all nearby
*Located approximately 4 hours drive north of Sydney CBD, in a booming coastal growth area
*Zoned R1 General Residential, highly visible corner site with great potential to redevelop, subject to Council approval
*Rare opportunity for the astute investor or developer; income/expenditure figures available on request.

Please contact Joe Hawes on 0405 045 381 for more information.

DISCLAIMER: Whilst every care has been taken in respect of the information contained herein, no warranty is given as to its accuracy and prospective purchasers should make and rely on their own enquiries.

Sold Properties:

Address Suburb Sold Date Bed Bath Car Sale Price
5 Lakeside Way LAKE CATHIE 21-11-2018 4 2 4 $850,000 View Property
4/18 Aqua Crescent LAKE CATHIE 12-11-2018 1 1 1 $299,000 View Property
1689 Ocean Drive LAKE CATHIE 9-10-2018 11 6 6 Undisclosed View Property
2/1604 Ocean Drive LAKE CATHIE 5-09-2018 3 2 1 $420,000 View Property
44 Tallong Drive LAKE CATHIE 5-09-2018 3 2 2 $530,000 View Property
2/23 Fiona Crescent LAKE CATHIE 23-08-2018 3 2 1 $495,000 View Property
4 Lakeview Road LAKE CATHIE 20-07-2018 3 1 1 $485,000 View Property
12 Eagle Place LAKE CATHIE 17-07-2018 4 2 3 $790,000 View Property
20 Tallong Drive LAKE CATHIE 27-06-2018 3 2 2 $650,000 View Property
1/23 Fiona Crescent LAKE CATHIE 16-04-2018 5 3 1 $592,000 View Property
1/6 Bundella Avenue LAKE CATHIE 14-03-2018 2 2 1 $590,000 View Property
34 Springhill Place LAKE CATHIE 12-02-2018 4 2 3 Undisclosed View Property
24 Mullaway Road LAKE CATHIE 8-02-2018 2 1 2 $450,000 View Property
10 Chepana Street LAKE CATHIE 29-01-2018 4 2 3 $590,000 View Property
27 Explorers Way LAKE CATHIE 27-11-2017 3 1 2 $466,000 View Property
63 Kenwood Drive LAKE CATHIE 27-11-2017 5 2 4 Undisclosed View Property
70 Abel Tasman Drive LAKE CATHIE 23-10-2017 4 2 2 $552,500 View Property
26 Ernest Street LAKE CATHIE 20-10-2017 3 2 3 $525,000 View Property
32 Lakeside Way LAKE CATHIE 18-10-2017 4 2 4 $889,000 View Property
1/15 Eagle Place LAKE CATHIE 29-09-2017 3 2 2 $499,000 View Property
1515 Ocean Drive LAKE CATHIE 11-08-2017 3 1 1 $455,000 View Property