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1521 Ocean Drive, Lake Cathie NSW 2445

Expression Of Interest

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$1.2M - $1.3M Medium Confidence Calculated based on our search observations.

Commercial 3 Beds 3 Baths 7 Cars 607 m²

Listed: 9 days ago

Overview

This established mixed-use property in Lake Cathie offers a unique investment opportunity combining multiple income streams within a tightly held coastal locale only 250 metres from the beach.

The property’s ground floor accommodates a retail shop, currently leased to a beauty and wellness operator, providing reliable commercial income under a new lease. This is supported by three dedicated car spaces for convenience and customer accessibility.

At the rear, two attached residential units diversify rental income and present further upside potential. The larger two-bedroom Unit 2 includes a double garage, carport, courtyard, and offers ocean glimpses enhancing its appeal for tenants seeking coastal living. The smaller one-bedroom Unit 1 spans two levels with its own garage, carport, rear yard, and covered lean-to, balancing practicality with residential comfort.

Both units are leased under periodic agreements with rents currently below market levels, creating clear scope for rental growth. The substantial parking provisions, coastal positioning, and mix-use zoning underscore the property’s flexibility and appeal for investors valuing diversified income and long-term growth.

Rare mixed-use coastal investment situated a short walk from Lake Cathie beach.
Ground floor retail tenancy with established lease providing secure income.
Two rear residential units offering separate rental streams and upgrade potential.
Unit 2 benefits from ocean glimpses, double garage, and private courtyard.
Unit 1 a compact, two-level one-bedroom with garage and outdoor space.
Three dedicated car spaces for the retail shop ensuring accessibility.
R1 Residential zoning and proximity to local amenities including Woolworths and the foreshore.

Providing lifestyle convenience for tenants and versatile income for investors, this property is positioned to benefit from Lake Cathie’s strong coastal demand and is easily accessible to Port Macquarie CBD, approximately 18.5km away.

Financial and lease details are available upon request to qualified buyers, facilitating informed investment decisions in this sought-after Mid North Coast community.

Local Market Insights

In Mid North Coast, Quiet Listings observed 8 new commercial properties entering the market over the last 30 days, unchanged from 8 in the prior period, with an average advertised asking price of $684,375. The property type mix of listed properties is predominantly Houses at 64%, followed by land (12%), and units (6%). The most active agency for commercial properties in the Mid North Coast area is currently Wauchope Real Estate, representing 38% of new listings, followed by R & R Property with 13%. 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.