60-62 Promontory Way

This property presents a unique investment opportunity, combining two titles on nearly half an acre with water views both front and rear. Here are the key highlights: Property Composition: - Two x 2-bedroom flats and one large 1-bedroom owner's flat. - Current rental income potential of $400 per week for each 2-bedroom unit. Structural Details: - Elevated, solid two-storey construction made of full brick and tile. - Suspended concrete slab for durability. Investment Potential: - Adjoining separately titled vacant block adds prospects for future development. - Potential to increase rental income to approximately $900 per week with updates and fresh paint for the two upstairs units. Location Advantages: - Located across from Heros Beach, with additional beaches at Hawks Nest just 15 minutes away. - The area of North Arm Cove offers a village lifestyle and is growing in popularity due to its picturesque surroundings. This property suits both short-term rental income needs and long-term development opportunities, making it ideal for astute investors. The potential for future development, combined with the current income stream, enhances its attractiveness. Contact us today to arrange a private inspection of this unique opportunity in North Arm Cove. Inspections are by appointment only. Disclaimer: The information provided by Hawks Nest First National Real Estate is for general informational purposes only. While we strive to ensure that information is accurate and up to date, we do not guarantee its completeness, reliability, or suitability for your needs. All property values, descriptions, and availability are subject to change without notice. Interested parties should conduct their own due diligence and contact us directly for specific inquiries regarding any property. We accept no responsibility for any decisions made based on the information provided.