Toowoon Bay

INVEST, RELAX, ENJOY, RE-DEVELOP?

Situated perfectly - approximately 100m to Toowoon Bay Beach and only 200m to Toowoon Bay shops, cafe's and restaurants.

Unique situation of two properties to be sold in a line (two separate titles) consisting of a 464sqm block with 2 bedroom free standing home and 929sqm block with five two-bedroom apartments.

Common laundry facilities serving all five apartments.

Ample off street parking along with fully lockable oversize double garage to apartments along with carport and garden shed to single level home.

Perfect scenario to invest for today showing sensible rental returns in its current form with potential to have six full leases - apartment five is currently at owners use.

Present zoned R1 General Residential, giving a wide scope of permissible uses including multi-dwelling housing, double-storey developments and more (STCA).

Four tenants are long term and are happy to stay, ensuring rental returns continue.

Massive scope for the future (subject to council approval).

The central coast is becoming increasingly popular, properties as unique as this and within proximity to some of the finest beaches Greater-Sydney have to offer are highly sought.

Two indicative floor plans are attached of apartments, full site plan of both lots along with location proximity to ocean and facilities are also included.

Inspection via appointment on weekdays only.

Contact John Gibson on 0425 281 432.