1521 Ocean Drive, Lake Cathie, NSW 2445

Opportunities of this nature are rarely offered in Lake Cathie.

Positioned only approximately 250 metres from the beach, this established mixed-use property combines a ground floor retail tenancy with two attached residential units, creating a diversified income opportunity in a tightly held coastal location.

Offered for sale by Expressions of Interest, the property is ideally suited to investors seeking multiple income streams, rental upside and long-term flexibility in one of the Mid North Coast's popular coastal villages.

The property comprises a ground floor retail premises, currently occupied by an established beauty/wellness style operator, with a new lease in place. Financial details, lease information and supporting documentation will be available to qualified purchasers via an Information Memorandum.

At the rear, the property includes two residential units, both currently leased on periodic agreements. Importantly, the current residential rents are considered below current market levels, providing a clear rental reversion opportunity for an incoming purchaser.

Unit 2 is a large two-bedroom residence with a double garage, carport, courtyard area and ocean glimpses from the front rooms. Unit 1 is a smaller one-bedroom residence over two levels, with garage and entry on the ground floor, a single garage, carport, rear yard area and covered lean-to below the unit.

With separate income streams, substantial parking and a coastal setting, this is a property that offers far more than a standard investment.

Key Features
* Rare mixed-use coastal investment in Lake Cathie
* Ground floor retail shop with new lease in place
* Two attached residential units at the rear
* Unit 2: large two-bedroom residence with double garage, carport, courtyard and ocean glimpses
* Unit 1: one-bedroom residence over two levels with single garage, rear yard and covered lean-to area
* Retail shop supported by 3 car spaces
* Both residential units currently leased on periodic agreements
* Current residential rents considered below market, offering rental upside
* R1 Residential zoning
* Approximately 250m to the beach
* Approximately 900m to Woolworths Lake Cathie
* Approximately 1.8km to Lake Cathie foreshore
* Approximately 18.5km to Port Macquarie CBD
* Financials and supporting information available via Information Memorandum to qualified purchasers

Lake Cathie continues to attract strong interest from investors, lifestyle buyers and long-term property holders seeking exposure to a coastal market with everyday convenience.

The property is ideally positioned within easy reach of the beach, shopping, services and the Lake Cathie foreshore, while remaining within comfortable driving distance of Port Macquarie.

This combination of income, location and future rental upside makes 1521 Ocean Drive a compelling mixed-use investment opportunity.

Information Memorandum available to qualified purchasers upon request.

We have obtained all information from sources we believe to be reliable; however, we cannot guarantee it's accuracy. Prospective purchasers are advised to carry out their own investigations.

Type

House

Bedrooms

3

Bathrooms

3

Parkings

7

Area

607 m²