10 Waterfall Road, Nambour QLD 4560

Situated within the established hospital precinct of Nambour, this two-storey house presents an exceptional opportunity for investors and developers alike. Its substantial 899sqm landholding is strategically zoned for Medium Density Residential, opening various future development possibilities subject to council approval.

The property is currently configured to generate dual rental income through two separate tenancies, offering an immediate combined annual gross income of $52,000. The upstairs tenancy yields $600 per week while the downstairs returns $400 per week, providing steady cash flow from established occupants.

With four bedrooms, two bathrooms, and covered accommodation for two vehicles, the residence balances practical family living with its promising investment position. The mature landscaping, established gardens, and bitumen driveway add to the overall convenience and appeal.

Beyond immediate returns, the Medium Density zoning allows for flexibility in long-term strategies such as dual occupancy, subdivision opportunities, or multiple dwellings, providing land banking potential without immediate redevelopment obligations.

Located just minutes from major healthcare facilities including Nambour General Hospital and Selangor Private Hospital, alongside local shopping centres and transport links, the property benefits from a well-connected and amenity-rich setting. Access to the Bruce Highway further facilitates broader regional connectivity.

This combination of existing rental income, location benefits, and flexible future options makes the property attractive to investors seeking reliable income streams and those considering future redevelopment or land banking within a sought-after precinct.