This is a house located in 20/DP7236 Mona Vale NSW. Based on comparable properties, we estimate its value at $2,480,000. Constructed in 1970, with 6 bedrooms and 4 bathrooms.
WISE INVESTMENT OR HOME IN A PREMIER LOCATION This is a rare opportunity to purchase one of the last large blocks of land in Mona Vale's sought after beach location. Just metres from Mona Vale beach and Apex park, close to shops, restaurants and cafes, with public transport at the end of the street.The existing, substantial building is approved by Council as a dual occupancy, comprising 2 x 3 bedroom duplexes. Architectural sketches for the development of the existing building are available on request.The solid double story brick and concrete duplex is currently split into three tenancies;1. Large three bedroom apartment upstairs, with two bathrooms, kitchen overlooking huge backyard, separate dining room and large lounge room.2. Two bedroom apartment downstairs with double bedrooms, large lounge room, neat and tidy kitchen and bathroom.3. Studio apartment downstairs with large separate bathroom4. Both floors can be easily renovated and become 2 x 3 bedroom dream beach houses.The development is ultimately flexible: Rent the whole building Live on one floor and rent the other Live on one floor and use other apartments as in-law accommodation/teenage retreat. Alternatively the existing building can be demolished and two connected dwellings can be constructed.The apartments have a current rental return of more than $1400 per week and this could be increased with further renovations. Located on a 930m2 block, this substantial duplex presents an opportunity to take advantage of the huge flat block in any way the purchaser pleases, in the knowledge that the much sought after beachside location guarantees that this will be a great investment in years to come.Council $830 p/qtrWater $739 p/qtrStrata $0 -