Tightly held since 1959, the property is offered for sale for the first time. Located in one of Avoca’s best streets and only minutes to the white sandy beach and vibrant Avoca village and cafes, this north facing property has enjoyed dual occupancy since 1982.
With beautiful views and 4 different options for the smart investor, opportunities like this don’t come by often! Your choice includes:
1. Enjoy the current rental returns of the three units(currently returning approx $900pw) OR
2. Complete the approved alterations and additions to the existing DA (valid until August 2013) OR
3. Complete basic renovations to bring the property up the standards and gain strata approval and resell individually OR
4. Live on one unit and gain an income from the other two units!
Due to the existing Dual Occupancy approval granted in 1982, and the fact that it pre-dates Gosford Council LEP #314 (Oct 1995), the existing building could be strata titled (STCA and BCA compliance).
Built-In Wardrobes,Close to Schools,Close to Shops,Close to Transport,Garden