238 Ocean Beach Road, Umina Beach NSW 2257

Located centrally to all three major districts on the Peninsula, being Umina Beach, Ettalong Beach and Woy Woy, sees this exceptional top-end investment opportunity that is rarely seen to the market place.

Currently there are three separate rental returns in place, which are returning a very healthy combined weekly rental income of $1,135 per week.

Positioned on a corner block, the separate rental yields are from the following…

* 3 x BEDROOM HOUSE: Returns – $450:00 per week & includes water, however electricity is billed to tenant separately to tenant.
–
Built-ins, reverse cycle air-conditioning, spacious living zone, and Is in Lease to JULY 2021.

* 1 x BEDROOM SELF-CONTAINED SLEEP-OUT: Returns $300:00 per week & includes water, however electricity is billed separately to tenant.
– Reverse cycle air- conditioning, and is In Lease to JANUARY 2021.
– Easy managed grassed yard.
– In Lease until JAN 2021.

* 2 x BEDROOM COUNCIL APPROVED GRANNY FLAT: Returns $385:00 per week.
Water usage and electricity BOTH billed separately to tenant.
– Additional car space/entertaining area.
– Automatic entry gate.
– Reverse cycle air-conditioning and is on a rolling Lease.
– In Lease to DECEMBER 2021.

Meaning there are separate “electricity & water meters in place”,(House & Sleep-out are on the SAME water metre ONLY) The Council approved Granny Flat has its own water meter and separate electricity meter, and in addition has a Gas cooktop.

Making this a superb triple income high end investment, where all the hard work has already been completed to set up.

Or a reside in the house, with in-laws/teenagers in separate accommodation on the property, whilst still allowing for one or two of the dwellings to be rented separately?
Or save one as a holiday home, and rent the others, the choice is yours!

* Approx.
3 mins by car to Umina Beach CBD & Shopping Hub.(COLES + Cafes)
* Approx.
4 mins by car to Beaches.
* Approx.
5 minutes by car to Woy Woy Railway station.
* Approx.
5 mins by car to Ettalong Beach Ferry Terminal.

* Bus service/stop to all districts, including Woy Woy Railway Station is only very short walk away.

* Approx. 12 minutes by car to M1 Kariong Interchange to Sydney and Newcastle.

Rental returns:
* House
@
$450:00 per week.
* Sleep-out
@
300:00 per week.
* Granny flat
@
385:00 per week.
Total returns @
$1:135:00 per week.

Out-goings
* Council rates: Approx. $456:00 per quarter.
* Sewer/water:
Approx. $276:00 per quarter.

PLEASE NOTE: If you are planning to attend the Open Home on Saturday 19th December and from the Northern Beaches Hotspot District, access will not be granted to protect our homeowners, staff, tenants and other attendees. Thank you for your cooperation.