$ 989,000

5 OWEN STREET ILUKA NSW 2466

5
2
2
640 m2
House

Spacious 2-Storey Beachhouse / Rental Goldmine in Top Location

To enquire, please email or call 1300 815 051 and enter code 8370

Looking for a BIG house with 2 council approved units, ample space to accomodate extended family, visitors or tenants, and close to everything the idyllic coastal village of Iluka has to offer ?

This unique property within just 2 minutes walk to Iluka bay, cafes, shops, World Heritage rainforest walk, sports grounds and bowling club caters for all. Splendid beaches to enjoy, safe for swimming, surfing, fishing, only a short walk, drive or bike ride away make this a true asset in paradise.

The dwelling has been mainly rented out over recent years, with a fantastic 9% return, translating to $ 800 + per week in the current rental market - an investor's dream!

Or you might decide to live in one unit, renting out the second one for instant extra income - the possibilities are endless!

Currently owner occupied, with the residence upstairs, ground level unit 1 is used for a home business and guest accommodation.

The solid built house captures the pleasant sea breezes and has seen substantial improvements, eg. a 20 panels back-to-grid solar system considerably reducing energy costs, fresh paint, water filters, reverse-cycle air-con, dishwasher, and an open shed/outdoors entertainment area.

An established garden offers a private sanctuary in lush surrounds plus fresh fruit-vegetables-herbs and even home-grown gourmet mushrooms to dine on.

UNIT 1 ground level:
- Fully renovated, new carpets in bedrooms
- Air-conditioned
- 2 bedrooms, 1 bathroom
- Easy care tiled floors
- Single carport

UNIT 2 upstairs:
- 3 bedrooms plus study with BIR & ceiling fans
- Spacious air-conditioned living rooms
- Enclosed verandah / "sun room"
- Full bathroom with separate toilet
- Polished hardwood floors
- Tandem garage with internal stairway access and handy 2nd toilet

With its central location next to parkland & river, the generous amount of comfortable living space, and the prospect of excellent rental return, this property is certainly one of its kind - a safe & lucrative investment, to good to miss !

To enquire, please email or call 1300 815 051 and enter code 8370

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