11 Yacaaba Street, Nelson Bay

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 capitalise 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

The vacant commercial space is ready for a new tenant, while additional income possibilities exist through the 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 maximise 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.

Contact Nelson Bay Real Estate on 02 4981 2655 to arrange an inspection and explore the possibilities of this unique investment opportunity!