95 Olivia Terrace, South Carnarvon WA 6701

WATERFRONT BLUE CHIP INVESTMENT

95 Olivia Terrace and 2 Robinson Street.
Very rarely does an opportunity like this present itself in such a beautiful location with excellent returns all located just across the road from the fascine waterway, often described as Carnarvon's jewel in the crown. To be sold as a whole package 95 Olivia Terrace and 2 Robinson Street, Carnarvon offer the astute investor a combination of residential and commercial income conveniently located side by side on the corner. 95 Olivia Terrace is a magnificent period residence built of timber and iron construction with high ceilings and large rooms the total living area under roof is approximately just under 300sqm and the total land component is a generous 731sqm. The house features three bedrooms, two bathrooms, a formal lounge or drawing room, a second casual dining area, kitchen with a walk-in pantry and an office which could be easily converted into a fourth bedroom. There is a 5Kw solar roof top system, air conditioning, secure fencing, rear access off Robinson Street and connected to deep sewerage. the zoning of this property is regional centre which allows for many types of uses. 2 Robinson Street is 427sqm in total size and has a mixture of commercial and residential income streams with a history of long-term tenancy. The main showroom is approximately 300sqm under roof, with a self-contained apartment adjoining the main building, currently leased and a second shop with main street frontage. These properties are considered one of the best locations Carnarvon has to offer with a secure income stream. Total NET income is just over $83,000 per annum. On the asking price of $1,130,000 the return on investment is 7.4% with the opportunity to increase further. Inspections will not disappoint call Outback Coast Property today to arrange your own private inspection.