SOLD- 757 Lawrence Hargrave Drive, coledale & 8 cOLEDALE aVENUE, cOLEDALE
$2,140,000
Beach Home + 2 Commercial Units
A rare opportunity arises to make a dream come true and own a beach home with an income in one of the friendliest and most sought after suburbs of the Northern Illawarra.
As they say in real estate, it is all about the location. This property is perfectly located, just one block from the ocean, with the commercial units being part of the quaint and friendly Coledale village precinct.
You can leave the hustle and bustle of the city life behind to become your own boss and landlord, living a dream lifestyle while generating income from two successful businesses. The property is Council approved as two separate titles for the residential dwelling and the commercial units.
The residential dwelling is quite separate from the commercial units with its own access from Coledale Avenue, one of the most exclusive waterfront addresses.
The location needs to be seen to be believed. Less than a minutes’ walk takes you to a sandy beach and the ocean rock pool, and another patrolled beach is just a little further along.
Discover what life really has to offer. Wake up and feel like you are on holiday every day… Relax on a sun drenched balcony and watch the whales frolic, grab the board and hit the surf, or take the dog out for a stroll on an off leash beach. This is the life…
And there is excellent fishing from the rock shelf across the road and great snorkeling for the more adventurous.
The property is totally secure with full fencing and security gates. Leave the cars at home and enjoy village life, there is no need to drive as everything you need is at your doorstep.
The home is comfortable and low in maintenance, with scope to modernize to your own taste. The added bonus is a self-contained accommodation downstairs, perfect for extended family or in-laws.
There is potential to convert the garage into additional rooms without compromising on the parking space, if required.
There is secure under cover space for a boat or a caravan, or parking for 6 cars, so you can enjoy family and friends visiting frequently.
Located just moments from the local school and transport, and so easily accessed from Sydney by rail or road, this property would make a great blue chip investment.
Beach house or primary home, this property can fulfill both dreams, here are some options to consider:
1. Buy as an Investment – one residential and two commercial leases
2. Family Home plus Investment - with 2 shops leased and producing rental income
3. Home plus Business - run your our business from the food outlet premises and keep the other unit leased
4. Use the home as a Weekender and do Holiday Letting when not used, while leasing both commercial units
Commercial Units:
Unit 1 - Hairdresser salon - 31.8m2 floor space, currently on a 5 year lease
Unit 2 – Take Away food outlet – 57.2m2 floor space, currently vacant
2 x toilets + store room
Bedroom: 3
Bathroom: 2
Garage: 2
Parking Spaces: 2
Block Size: 407m2 (Approx
