20-22 Cashmore Street
Evans Head, NSW 2473

Situated on a substantial dual title corner block in the heart of Evans Head, this unique coastal investment offers three permanently rented units with a shared in-ground pool, delivering a strong existing rental return. This property represents an exceptional opportunity for long-term investment with potential for future development or expansion, subject to council approval.

The downstairs Unit 2 is a bright and airy two-bedroom, one-bathroom residence featuring modern renovations throughout. Both the kitchen and bathroom have been updated, complemented by LED lighting, ceiling fans, and air conditioning to enhance comfort and functionality.

Unit 3 is a well-designed one-bedroom unit with a contemporary kitchen and a combined bathroom and laundry. The unit is fully tiled and includes air conditioning in the bedroom. Its low-maintenance layout and separate access make it an appealing option for long-term tenancy.

Occupying the upper level, Unit 1 is the largest of the three residences, offering three bedrooms and one bathroom. It boasts a modern kitchen with stone benchtops and a large island bench, creating a practical and inviting central space. Two bedrooms are equipped with air conditioning for year-round comfort. The rear balcony overlooks the pool area and captures cooling ocean breezes, providing an ideal spot to relax and unwind.

Key features include future development or expansion potential (subject to council approval), a rare coastal investment opportunity in a tightly held location, and a dual title 853.6sqm corner block divided into Lot A (448.9sqm) and Lot B (404.7sqm). The property comprises three permanently rented units plus a shared, large in-ground pool. The unit mix includes one 3-bedroom, one 2-bedroom, and one 1-bedroom residence, all with modern kitchens featuring stone benchtops.

The location is highly convenient, with a flat 250m walk to the local IGA and just 380m to the main street. It is less than 180m to the Evans River, ideal for fishing, swimming, and paddleboarding, and only 1.15km to the Main Beach, Surf Club, and Sandbar Restaurant.

Positioned within walking distance to Evans Head’s main street, local IGA, medical services, and everyday amenities, this rare multi-unit coastal investment offers strong appeal in a market where opportunities like this are increasingly limited. With immediate income, strong tenant demand, and future development potential, this property presents a versatile opportunity for investors entering the market, expanding an existing portfolio, or securing a strategic coastal holding for the future.

All three units are permanently leased, generating a combined rental income of $1,350 per week. The property is scheduled for auction on Friday, 12th June, onsite at 1:00pm. Interested parties are encouraged to register their interest promptly.

Disclaimer: The information provided is based on details supplied to the agents. The vendor and agents disclaim any liability arising from inaccuracies. Prospective purchasers should conduct their own enquiries and form their own judgments regarding the property.