Set on a level 618m² (approx) block with frontage to two streets, 1 River Street offers something Yamba rarely does: two self contained dwellings on a single title, right in the centre of town.
Unit 1 is a separate two bedroom home with its own kitchen, living area, bathroom and laundry, plus a covered entertaining area and carport.
Unit 2 has three bedrooms, a light filled open plan living and dining area, a neat kitchen with breakfast bar, a renovated bathroom and polished timber floors throughout and single car garage.
Both dwellings have their own entry, yard and parking, so the property works as a live in one and rent the other arrangement, a two income investment, or a home with room for extended family.
For investors, this is a set and forget holding in a suburb where rental vacancy sits well under two percent and dual occupancy stock almost never comes to market. Two tenancies spread the risk and lift the return well above a single dwelling at the same price point.
For developers, the R3 Medium Density zoning and twelve metre height limit, combined with the dual street access and flat block, make this one of the better positioned redevelopment sites in central Yamba. Hold it and collect the rent while you plan, then build when the time is right (subject to council approval).
Positioned in the heart of Yamba's CBD, this is one of the most sought after pockets in town. Park the car when you arrive and forget about it. The river and marina are at the end of the street, and the cafes and shops of the main street, Yamba Bowling Club, Main Beach and the Pacific Hotel are all an easy stroll away.
Key features
Two self contained dwellings on one title
Central CBD location, park the car and walk everywhere
Three bedroom front home with polished timber floors
Two bedroom rear unit with covered entertaining area
Dual street frontage on a level 618m² (approx) block
R3 Medium Density zoning with a twelve metre height limit
Walk to the river, marina, main street and beach
Lock up shed and carport
Council rates approximately $1,672 per quarter
Opportunities with two dwellings, dual frontage and development upside in this location are few and far between. Contact Kieran at Stone Yamba | Maclean | Iluka on 0409 466 700 today to avoid disappointment.
