IF YOU are looking for a solid investment property, in a prime position in the popular seaside town of Inverloch, then two adjoining properties on the corner of Hillside Avenue and Sandymount Avenue could really fit the bill.
The 600m2 (approx) vacant allotment at 6 Hillside Avenue is being sold separately from the two blocks, located at 2 and 4 Hillside Avenue, but the two properties might be purchased as one with future development in mind, subject to council approval of course.
They are being marketed by Southcoast First National under the theme ‘Live, Plan, Profit’ which no doubt refers to the opportunity that exists to live in the comfortable, older style, three bedroom brick home now and look to realise the value of the investment at a later date.
There’s no doubting the attractiveness of the sites and the opportunity.
Not only are the properties situated within a very short stroll of the main street with its cafes and shops, and only 150 metres to the inlet beaches, but they each command water views towards Anderson Inlet and the eastern beaches.
It’s altogether a wonderful package.
The 600m2 vacant allotment is for sale at $575,000 while the two other blocks, with the brick home, is available for $1,275,000, which is little more than the value of the land alone.
The home is in good, original condition and would lend itself well to a modern conversion. It boasts plenty of nice big rooms in an open layout plus some excellent sea views from its elevated position.
To discuss the site’s potential now and in the future or to arrange an inspection, call Southcoast First National Real Estate, 1B A’Beckett Street, Inverloch, phone 5674 2255.