56-58 Duke Street
Iluka, NSW 2466

Overview

56-58 Duke Street, Iluka NSW 2466

This property presents a prime investment opportunity located in the heart of Iluka, one of the region's most sought-after locations. The offering comprises a block of six well-maintained units spread across two titles, situated on a generous parcel of land measuring approximately 1,924 square meters.

The complex is constructed from solid brick, ensuring durability and low maintenance. It includes two three-bedroom units and four two-bedroom units, providing a total of 14 bedrooms, six bathrooms, and eight car parking spaces. Each unit is well presented and currently occupied by excellent long-term tenants, which guarantees consistent rental income and minimal vacancy risk.

The property has been held by the current owner for over 22 years, highlighting its reliability as a low-maintenance, 'set and forget' investment. This long-term ownership underscores the property's stable performance and appeal to tenants.

There is additional potential with the existing configuration and previous approvals, allowing for possible use as boarding accommodation, subject to council approval (STCA). This flexibility offers scope to enhance returns further and adapt to different investment strategies.

Ideally positioned, the property is within easy reach of Iluka's beautiful beaches, river, shops, and local amenities, making it attractive to tenants and visitors alike. This location advantage contributes to the property's strong rental appeal and future growth potential.

Whether you are looking to expand your investment portfolio or seeking a secure long-term asset, 56-58 Duke Street represents outstanding value in a tightly held coastal market. This is a rare opportunity to acquire a proven income-generating property with strong returns and promising future prospects.

Location