11 Yamba Street
The Entrance, NSW 2261

Overview

6 Units on One Title with Ocean Views - Rare Investment/Superannuation / Development Opportunity

Located in a prime coastal area just a short walk from The Entrance's patrolled beach, rock pools, shops, schools, and public transport, this substantial property offers a rare and exciting opportunity for investors or developers.

The property comprises six existing units spread across two levels, with the potential to convert a rear storage area into a seventh unit, subject to council approval (STCA). This presents impressive income potential.

Upstairs features include:

• A spacious 3-bedroom unit with a large front veranda offering ocean views.
• The master bedroom includes a walk-in robe and ensuite, while the other bedrooms have built-in robes.
• This 3-bedroom unit was previously used by the owners for lifestyle living, with an estimated rental income of $500 to $520 per week.
• A separate 1-bedroom, 1-bathroom unit with a single carport.

Downstairs features include:

• Four 2-bedroom, 1-bathroom units, all currently tenanted.

The combined potential income for all six properties could reach approximately $130,000 per annum.

Further potential: There is an opportunity to convert the rear storage area into a seventh unit (subject to council approval), which would further increase rental returns.

Location highlights:

• Approximately 550 meters walk to The Entrance Ocean Baths.
• Approximately 700 meters to Coles, cafes, and specialty shops.
• Close proximity to beaches, schools, and public transport.
• Approximately 14 kilometers to Tuggerah Westfield shopping center and the M1 Motorway.

Whether you are looking to landbank, invest, or redevelop (zoned R3), this property represents a blue-chip opportunity in a tightly held lifestyle location. Do not miss the chance to secure this impressive coastal investment with six units on one title.

Additional details:

• Water rates are approximately $102.00 per week.
• Council rates are approximately $100.00 per week.

Location