535 Ocean Drive North Haven NSW 2443

Introducing a tantalising investment opportunity nestled in the heart of North Haven-a spacious three bedroom house, offering an abundance of potential with its unique multi-occupancy setup. This property presents a compelling proposition for investors keen on securing a robust income stream, with the versatility to cater for three separate tenancies.

The main residence boasts a delightful two-bedroom configuration on the upper level, complete with river glimpses that add a serene touch to the living space. Below, you'll discover a self-contained one-bedroom flat that offers privacy and convenience. There is of course the option to open this up in to a large 3 bedroom two story home. Additionally, the rear yard houses an independent one-bedroom cottage, complete with its own double carport, currently leased and contributing to the overall rental income.

Investors will note the current rental returns of $715 per week across two tenancies, with room to significantly increase this figure should the upper floor's two-bedroom abode be included in the rental portfolio-an additional $400 to $450 per week, by estimation. While the main residence does not feature separate metering between the ground and upper floors, the cottage's utilities are independently managed, ensuring ease of billing for tenants.

Occupying a generous plot of 967 square metres, this property was constructed circa 2008, and has been well-maintained ever since. Notably, during the 2021 floods, the integrity of the dwellings remained uncompromised as water did not reach any of the buildings themselves, despite its location within a flood zone.

Investors will appreciate the potential this house presents, not only as a lucrative investment but also as a charming holiday retreat. With its advantageous position and flexible accommodation options, this is an opportunity not to be missed.

Current configuration
Main House
Upper Floor - 2 bedrooms, 1 bathroom
Lower Floor - 1 bedroom self contained unit
Single garage with drive through access
Carport

Cottage
One Bedroom, One Bathroom, Double Carport.

Less than 200 metre stroll to the Camden Haven River, only 1km to the North Haven Bowling Club, 700m to the cafe strip and boat ramp, this is prime North Haven real estate with an income.

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.