Mixed-Use Property in Nelson Bay's Vibrant Hub
Discover an outstanding investment opportunity in the heart of Nelson Bay's evolving business district. This versatile property offers a blend of residential and commercial spaces, perfectly positioned to capitalize on the area's growth and development.
Yacaaba Street has recently undergone significant upgrades, including a street extension to the marina, higher multi-story zoning, and new luxury apartment developments. This is quickly becoming Nelson Bay's vibrant hub, blending retail, services, and high-end residential spaces.
Property Highlights:
* Prime location on recently upgraded Yacaaba Street
* Two modern, well-maintained residential units
* Three commercial shops, two currently leased
* Extensive parking including double carport and two double garages with mezzanines
* Zoned E1 Local Centre, offering flexibility for future development

Income Potential:
* Residential units: Estimated market rent of $460-$480 per week each
* Commercial spaces: Current annual income of $60,000 + GST, with potential for more
* Vacant commercial space ready for new tenant
* Additional income possibilities from garage spaces

Investment Opportunities:
* Immediate rental income from existing tenants
* Potential for holiday accommodation development (subject to approval)
* Options to redesign, renovate, or redevelop to maximize returns
* Ideal for investors looking to diversify with a mixed-use property

Don't miss this chance to own a piece of Nelson Bay's future. With its prime location, diverse spaces, and abundant potential, this property is an investor's dream in a rapidly growing area.

All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property. Some of our properties are marketed from time to time without a price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes.