4 UNITS ON 1 TITLE - WATER VIEWS & ZONED R3

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652 Beach Road, Surf Beach NSW 2536

$1,500,000 - $1,600,000

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$1.5M - $1.58M Transparent Transparent Listing Based on an openly advertised listing price.

House 9 Beds 5 Baths 6 Cars 891 m² 389 m²

Listed: 14th Aug 2026

Updated: 19th Aug 2026

Overview

This solid brick property at 652 Beach Road in Surf Beach is a rare investment opportunity located just 100 meters from the shoreline, boasting enviable water views and positioned adjacent to a local neighborhood shopping complex. Comprising four fully leased units on a single title, each with its own separate utilities and undercover parking, the building offers a considerable rental income potential, which can reach $1,750 per week, delivering a strong gross rental yield of approximately 5.69%.

Set on a spacious 891 square meter parcel zoned R3, this property presents the potential for future strata subdivision subject to council approval (STCA) and offers significant redevelopment possibilities, including multilevel builds of up to 20 meters, as seen in recent Batemans Bay projects with similar zoning. Elevated water views from the second floor provide a glimpse of the panoramic ocean vistas that could be harnessed from any future development.

Spanning 389 square meters of floor area, the property includes nine bedrooms, five bathrooms, two garages, and four carports, making it versatile for occupant or tenant configuration. The dual-side reserves enhance the sense of space and privacy on the site, making it attractive for long-term hold investors or developers seeking an established income stream while planning for future enhancements.

This property is best suited to investors aiming to secure a premium beachfront development site in a sought-after coastal location with an existing reliable income. It is currently leased to four separate tenants permanently, necessitating qualified buyers to review the information pack and provide appropriate notice for viewings.

Local Market Insights

In Surf Beach, Quiet Listings observed 36 new houses entering the market over the last 30 days, down from 38 during the previous 30-day period, with an average advertised asking price of $1,034,804. The property type mix of listed properties is predominantly Houses at 76%, followed by land (12%), and units (6%). The most active agency for houses in the Surf Beach area is currently My Agent, representing 19% of new listings, followed by Raine & Horne with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.