2C Evans Street

Two Long-Term Tenancies Now in Place with Combined Rental Income of over $78,000 per annum | Main residence: $985 per week | Cottage: $520 per week Positioned in one of Bellingen's most sought-after pockets, this elevated residence now presents as a compelling income-producing asset, with two long-term tenants already secured and the property ready to be released to the market. Blending the warmth and character of a private retreat with the confidence of strong, reliable rental income, the property offers investors a rare opportunity to acquire an established dual-income holding in a tightly held lifestyle location. The main residence, leased at $985 per week, has 3 bedrooms, each with their one en-suite, generous living area and a single garage, plus a self contained unit, including kitchenette, living area, a generous bedroom (4th bedroom) and bathroom. The very private second residence, currently leased at $520 per week, includes one generous bedroom, light filled living area plus a 3 bay carport. Both residences delivering an annual return of over $78,000. A rare opportunity to secure a character-filled Bellingen property that delivers immediate income, long-term flexibility and strong investment fundamentals. For investors, this is a genuine set-and-forget opportunity with strong weekly income, reduced vacancy risk and the benefit of established long-term tenancy arrangements from day one. For lifestyle-minded buyers, the property also offers future flexibility, with the ability to hold securely now and consider personal use, extended family accommodation or value-add opportunities over time. Set among established gardens with mountain outlooks, peaceful privacy, generous living zones plus a separate and private cottage, the property balances lifestyle appeal with clear commercial logic. Its dual-income structure, walkable proximity to Bellingen's cafes, schools, markets and river swimming spots, and strong tenant appeal make it a highly attractive proposition in the current market. Key investment highlights - Main residence currently leased at $985 per week to a long-term tenant. - Separate cottage currently leased at $520 per week to a long-term tenant. - Combined rental income of $1,505 per week, providing strong and reliable investor returns. - Now ready for market release, with income already secured and tenancy arrangements in place. - Separate cottage with independent power meter, ideal for secondary rental income or future extended family flexibility. - Strong investor-grade performance with dual-income appeal and reduced reliance on a single tenancy. - Three distinct living zones, supporting spacious family living, tenant comfort and future dual-living flexibility. - Elevated balconies with mountain outlooks, adding lifestyle value and strengthening long-term tenant desirability. - Resort-inspired gardens with established palms and pool, creating a private and appealing outdoor environment. - Solid brick construction with timeless character, supporting durable and low-maintenance ownership. - Wheelchair-accessible suite with ramp and en-suite, broadening occupancy appeal and lifestyle flexibility. -Walkable proximity to cafes, schools, markets and river swimming, supporting tenant retention and long-term demand. - Reduced operational intensity compared with short-stay or holiday-let models, offering fewer variables and more consistent income. - Improved lending appeal through established long-term lease income. - Scope to hold comfortably over the medium to long term without immediate renovation pressure. - Balanced appeal to investors, future owner-occupiers and lifestyle purchasers, creating strong resale flexibility over time.