60-62 Promontory Way, North Arm Cove, NSW 2324

This​ ​property​ ​presents​ ​a​ ​unique​ ​investment​ ​opportunity,​ ​combining​ ​two​ ​titles​ ​on​ ​nearly​ ​half​ ​an​ ​acre​ ​with​ ​water​ ​views​ ​both​ ​front​ ​and​ ​rear.​ ​Here​ ​are​ ​the​ ​key​ ​highlights:
Property​ ​Composition:

-​ ​​ ​​ ​​ ​Two​ ​x​ ​2-bedroom​ ​flats​ ​and​ ​one​ ​large​ ​1-bedroom​ ​owner's​ ​flat.
-​ ​​ ​​ ​​ ​Current​ ​rental​ ​income​ ​potential​ ​of​ ​$400​ ​per​ ​week​ ​for​ ​each​ ​2-bedroom​ ​unit.
Structural​ ​Details:

-​ ​​ ​​ ​​ ​Elevated,​ ​solid​ ​two-storey​ ​construction​ ​made​ ​of​ ​full​ ​brick​ ​and​ ​tile.
-​ ​​ ​​ ​​ ​Suspended​ ​concrete​ ​slab​ ​for​ ​durability.
Investment​ ​Potential:

-​ ​​ ​​ ​​ ​Adjoining​ ​separately​ ​titled​ ​vacant​ ​block​ ​adds​ ​prospects​ ​for​ ​future​ ​development.
-​ ​​ ​​ ​​ ​Potential​ ​to​ ​increase​ ​rental​ ​income​ ​to​ ​approximately​ ​$900​ ​per​ ​week​ ​with​ ​updates​ ​and​ ​fresh​ ​paint​ ​for​ ​the​ ​two​ ​upstairs​ ​units.
Location​ ​Advantages:

-​ ​​ ​​ ​​ ​Located​ ​across​ ​from​ ​Heros​ ​Beach,​ ​with​ ​additional​ ​beaches​ ​at​ ​Hawks​ ​Nest​ ​just​ ​15​ ​minutes​ ​away.
-​ ​​ ​​ ​​ ​The​ ​area​ ​of​ ​North​ ​Arm​ ​Cove​ ​offers​ ​a​ ​village​ ​lifestyle​ ​and​ ​is​ ​growing​ ​in​ ​popularity​ ​due​ ​to​ ​its​ ​picturesque​ ​surroundings.
This​ ​property​ ​suits​ ​both​ ​short-term​ ​rental​ ​income​ ​needs​ ​and​ ​long-term​ ​development​ ​opportunities,​ ​making​ ​it​ ​ideal​ ​for​ ​astute​ ​investors.​ ​The​ ​potential​ ​for​ ​future​ ​development,​ ​combined​ ​with​ ​the​ ​current​ ​income​ ​stream,​ ​enhances​ ​its​ ​attractiveness.

Contact​ ​us​ ​today​ ​to​ ​arrange​ ​a​ ​private​ ​inspection​ ​of​ ​this​ ​unique​ ​opportunity​ ​in​ ​North​ ​Arm​ ​Cove.​ ​Inspections​ ​are​ ​by​ ​appointment​ ​only.

Disclaimer:

The​ ​information​ ​provided​ ​by​ ​Hawks​ ​Nest​ ​First​ ​National​ ​Real​ ​Estate​ ​is​ ​for​ ​general​ ​informational​ ​purposes​ ​only.​ ​While​ ​we​ ​strive​ ​to​ ​ensure​ ​that​ ​information​ ​is​ ​accurate​ ​and​ ​up​ ​to​ ​date,​ ​we​ ​do​ ​not​ ​guarantee​ ​its​ ​completeness,​ ​reliability,​ ​or​ ​suitability​ ​for​ ​your​ ​needs.​ ​All​ ​property​ ​values,​ ​descriptions,​ ​and​ ​availability​ ​are​ ​subject​ ​to​ ​change​ ​without​ ​notice.​ ​Interested​ ​parties​ ​should​ ​conduct​ ​their​ ​own​ ​due​ ​diligence​ ​and​ ​contact​ ​us​ ​directly​ ​for​ ​specific​ ​inquiries​ ​regarding​ ​any​ ​property.​ ​We​ ​accept​ ​no​ ​responsibility​ ​for​ ​any​ ​decisions​ ​made​ ​based​ ​on​ ​the​ ​information​ ​provided.