1 Edith Street, North Haven, NSW 2443

1 Edith Street, North Haven, NSW 2443 Forecast $98,000 inc g pa INVESTMENT UNITS

Rare real estate. Just 200m from the beautiful Camden Haven River & 700m to the safe surf beach at North Haven. The complex is neighbouring a caf? & take away shop (reopening soon) & opposite a grassy riverside park with play equipment, picnic tables & facilities.

Previously operated as holiday apartments, with the cabana & sparkling in ground pool for guests' use.

Currently flats are let to permanent tenants & showing excellent income last year of $1,690 per week ($87,880 pa) Predicting $1,900 per week ($98,000 pa)

On offer is a solid brick unit complex comprising 6 x 2-Bedroom flats. Three on ground level and three on the first-floor level. Each have good sized bedrooms (including built-in robes), a well-equipped kitchen, combined dining/living areas, and separate tiled bathroom. There is a communal laundry on the ground level. One open space car park for each flat. There is also an open space common area.

Adjoining the unit complex on the same title is an approx. 740m2 space that is privately fenced with an inground saltwater pool and an 80m2 Cabana style living space. There is a kitchen, bathroom and open plan recreation rooms. This area has numerous potential uses for future development. It could possibly be subdivided into 2 titles. (STCA)

Build a complying residence on the pool block (existing title ? manager's residence for example)

This is the popular 'beach end' of North Haven, a fantastic holiday destination, desirable living for tenants & a great choice for a relaxed lifestyle of semi or full retirement. This is a unique piece of North Coast real estate. With no new multiple occupancy development permitted in North Haven this is rare real estate with strong current returns & great potential. What could you do with it?

PROPERTY FEATURES:

Each unit - Internal: 46 m2 (approx.)

Garage: None 6 open spaces

Cabana Size: 90 m2 (approx.)

Land Size: 1,320 m2 (approx.)

Council Rates: Approx. $3,500 p.a.

Water Rates: Approx. $3,300

DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.