18-20 The Entrance Road presents a unique multi tenanted mixed use freehold investment opportunity in an iconic tourist destination. The property is positioned just a minutes’ walk to the water’s edge and the dominant corner location commands attention, and provides excellent exposure for the retail tenants on the ground level.

The property derives income from five (5) retail shops and first level commercial and residential premises, the properties jewel in the crown is the stylishly renovated luxury penthouse apartment boasting superb views over the beach and inlet to Tuggerah Lakes. The apartment is currently used for holiday letting and accounts for approximately $60,000 of income annually. On a fully leased net basis the properties income is in excess of $200,000 annually with the opportunity for reversionary rental growth.

The Entrance is a location that has been recognised for its beauty and potential by major property developers, there are multiple approved developments pending construction, inclusive of a 31 level twin tower mixed use development. The Entrance is moving forward which will ensure capital growth for property investors.

If you want to live in luxury, with additional income or simply want a passive income producing asset, this fully refurbished property is perfect.

For further information please contact Richard Ellis on 0416 072 444