31 Old Bar Road OLD BAR NSW 2430
$1,550,000 - $1,650,000

DESCRIPTION

A fantastic investment opportunity awaits at 31 Old Bar Road, Old Bar. This fully-occupied mixed-use building offers a blend of residential and commercial space, generating a strong annual income of approximately $118,046* with room for improvement.

Key Features:
- Four solid brick residential units, units 1 & 2 are 2 bedrooms, units 3 & 4 are 3 bedrooms, each with its own balcony and carport. Top floor units have ocean views.
- Two commercial shopfronts on the ground floor, both currently operating as hospitality venues and offering off street parking.
- The entire building is fully tenanted, ensuring immediate returns and strong tenancy history.
- Situated on a spacious 1,220 sqm* block with potential for further development.
- Existing DA approval in place for an extension (believed to be in perpetuity and plans available), including an additional shopfront and first-floor residence.
- Zoned R1 - general residential

Location Highlights:
- Just 200m* from the vibrant town centre.
- Only 600m* to the beautiful Old Bar main beach – perfect for attracting tenants and customers
- Main street frontage offering great exopsure for commercial tenants.

This property offers the perfect combination of coastal living, rental income, and future development potential (subject to council approvals). Whether you're a savvy investor or looking for a prime mixed-use space, this property presents an exceptional opportunity in a sought-after seaside location.

For more information or to arrange an inspection, contact Adam Stevenson on Reveal Phone.

Disclaimer: All information contained therein is gathered from relevant third party sources.
We cannot guarantee or give any warranty about the information provided.
Interested parties must rely solely on their own enquiries.
*Approximate areas, distances, times