For the first time in over 30 years, seize this rare chance to acquire a prime multi-tenanted freehold asset centrally located in Cabarita Beach’s bustling retail precinct.

Residential and Lifestyle Appeal:
• Nestled in a lifestyle Mecca renowned for its community charm
• Enjoy unobstructed ocean views down Palm Avenue just steps away from local shops and a short stroll to Cabarita’s sandy beaches
• Ideal for long-term commercial holding with substantial returns from a mix of residential and business uses
• Opportunity to enhance with renovations or expansions, maximising coastal views and convenience
• Perfect for families looking to settle in a coastal paradise or as a secure retirement investment
• Zoned up to 4 stories (currently only 3 story configuration) with foundations and engineering ready to go up for another level
• Concept plans drawn available for proposed extension of current residence
• Features a spacious 9-car garage with ample storage and solid concrete footings

Investment Details:
• Boasting a net income of approximately $176,724 per annum
• Situated on a 577sqm site with dual street frontages, featuring 7 mixed allotments: 3 offices, 1 restaurant, and 3 residential units totalling 627sqm in lettable area

This property offers a unique blend of income potential and coastal lifestyle, making it an exceptional investment opportunity in one of Australia’s most coveted seaside destinations.

Contact Schmith Estate Agents for more details