Multi-occupancy Investment Opportunity
There’s no time to let the grass grow under your feet. Harbourview Plaza, located at 72 Yamba Road, is an outstanding investment opportunity, being offered for auction by Yamba Iluka Real Estate on 21st July 2018.
One of the most effective means of maximising your return on an investment property is to purchase multi-occupancy. This complex offers 4 shops plus a residence all under lease. The potential doesn’t end there, as there is an opportunity to value add to this property, subject to council approval, by building an additional residence upstairs, thereby enhancing your investment even further.
Harbourview Plaza is situated in a central position less than 20 mins walk to beaches and the centre of town, opposite the Clarence River and marina taking in great views of the bay.
The shops downstairs consist of a collective 271.4 sq.m. plus parking spaces, and are tenanted by established businesses.
The residence upstairs consists of 3 bedrooms, 1 bathroom and modern kitchen with underbench oven, ceramic stove, dishwasher, and plenty of cupboard space, wood vinyl and tiled flooring, plus airconditioning in the living area. The real bonus with the residence is the large timber partially covered deck which overlooks the river and harbour.
The entire complex is built on 1,114 sq.m. of land and has plenty of parking for tenants as well as customers.
Plan for your future and snap up this outstanding opportunity, as these don’t come along every day. Auction is to be held in the Riverboat Room at the Yamba Bowling Club at 10am on Saturday 21st July 2018. For further details or to arrange your viewing of this property, please contact Grant and the sales team at Yamba Iluka Real Estate on 0405 388 400 or 6646 2400.
Fast Facts about Yamba
The suburb of Yamba is located in the Local Government area of Clarence Valley and covers an area of approximately 16.9 Sq Km.
The surrounding suburbs include Wooloweyah, Iluka and Palmers Island.
There are 12 Parks, a Child Care Centre and 2 Primary Schools.
Currently, the median sale price of Houses, Units and Vacant Land in Yamba is $418,935 compared to $310,467 for the Local Government Area of Clarence Valley.
Local Amenities include 2 Clubs, a Golf Course, a Shopping Complex, a Post Office, 5 Swimming Pools and 2 Churches of different denominations.
In 2011, the population of Yamba was 6,079, with the main age group being people between 60 and 69 years of age.
Married people account for 69% of the population and households in Yamba are mainly Couples with no children.
There are approximately 2,575 dwellings, with the majority of these (76%) being house. 48% of properties in the area are fully owned, with 17.3% of the properties being purchased and 67% being owner occupied.
The largest segment of the population are Not in Labour Force, in general those in employment work as Professionals with most people travelling to work by driving a car.