This beachfront reserve property presents a unique opportunity for redevelopment, located just 50 meters from South Shellharbour Beach and under 700 meters from the Marina at Shell Cove.
The original building offers a wealth of exciting possibilities. Whether you're a family looking to design your dream home or a renovator or investor with an eye on the future, the location ensures your plans are well-positioned for success.
The property currently features an original dwelling with 4 x 1-bedroom flats, generating an approximate income of $66,040 gross income per year.
This income provides a steady return as you plan your future development. With a level 598 sqm parcel of land and direct access to the beachfront reserve, the location couldn't be more ideal for a lifestyle-focused investment.
Current Rental Returns
Unit 1 = $330 p/w
Unit 2 = $310 p/w
Unit 3 = $330 p/w
Unit 4 = $320 p/w
Total Annual Gross Income = $66,040
Zoned R2 and currently tenanted with leases in place, the property is north/east-facing, further enhancing its appeal.
Situated in the heart of Shellharbour Village, this is the perfect location for a superb coastal lifestyle.
37 Boollwarroo Parade Shellharbour
Specifications
