12 Osprey Drive, Marion Bay SA 5575

This unique dual-income property is situated on a substantial 820sqm title in the picturesque coastal town of Marion Bay, South Australia. Offering two fully self-contained residences on one title, it provides exceptional flexibility and investment potential. The property's configuration, featuring independent driveways, opposite-facing decks, and separate power and water supplies, ensures that each home operates independently, maximizing privacy and convenience for occupants or tenants.

The smaller residence, known as The Plover, is a thoughtfully renovated one-bedroom apartment that caters perfectly to couples seeking comfortable, low-maintenance living or high-demand short-stay accommodation. It features a modern bathroom, kitchenette, climate control via reverse-cycle air conditioning, and a sheltered deck equipped with a BBQ area, fostering relaxed outdoor enjoyment.

The larger home, The Osprey, boasts three spacious bedrooms and a bright, airy living area accentuated by raked ceilings. The contemporary kitchen includes a walk-in pantry that enhances storage and organization, complementing the timber entertaining deck with an outdoor kitchen. Comfort throughout the year is assured with reverse-cycle air conditioning and ceiling fans, enhancing its appeal for longer stays or permanent residency.

Both homes are sold fully furnished, allowing for immediate occupation or seamless continuation of rental income. This arrangement has proven highly successful, achieving $65,000 in Airbnb income over just nine months of operation in the previous year, equating to an attractive 8.2% gross yield. The dedicated focus on adult-only bookings has maintained the properties in immaculate condition and fostered a positive reputation with guests, including consistent 5-star reviews over five years.

The property's versatility caters to diverse buyer needs, whether as an investment maximizing dual short-stay income, a lifestyle home with rental income offset by living in one residence, or as a multi-tenanted rental property to diversify income streams. Its location offers direct access to pristine beaches, a boat ramp, and the nearby Dhilba Guuranda-Innes National Park, renowned for surfing, fishing, and natural beauty, appealing to holidaymakers and nature enthusiasts alike.

• Two self-contained residences on one title, each with independent utilities and access
• Proven strong short-stay income with significant growth potential
• Fully furnished for immediate use or letting
• Established adult-only rental niche ensuring superb maintenance and guest experience
• Spacious 820sqm site with a 6x6m shed included
• Close proximity to natural attractions and community amenities

This property is ideal for discerning investors seeking a secure, income-producing asset in a sought-after coastal region, as well as buyers seeking a versatile lifestyle property with a proven revenue stream. Additional leasing appraisals and income breakdowns are available on request.