56 Duke Street, Iluka | First National Iluka Woombah

Description

What truly sets this property apart is its exceptional versatility. Continue to benefit from strong, consistent returns as a "set and forget" investment, or consider the option of living in one residence while leasing the others to generate additional income. It also presents an ideal solution for extended family living, offering both space and separation across multiple dwellings.

The solid brick complex comprises three freestanding, ground-level villa-style units, separated by two adjoining carports, enhancing privacy and functionality. Each residence enjoys its own fully fenced, low-maintenance private backyard.

The property includes:
• 1 x three-bedroom unit
• 2 x two-bedroom units
• A total of 7 bedrooms, 3 bathrooms, and 2 car spaces

Impeccably maintained, the property is currently occupied by long-term tenants, with one tenant in each unit, ensuring reliable income and minimal vacancy risk.

The flexibility here is outstanding - live in the three-bedroom residence and have the remaining two units tenanted to offset your mortgage, or continue to lease all three for immediate income.

Proudly held by the current owner for over 22 years, this is a low-maintenance asset with a strong and consistent track record.

Positioned in one of Iluka's most desirable streets, within a quiet, quality neighbourhood divided by a grassed median strip, the location further enhances the appeal. You'll also enjoy easy access to Iluka's beaches, river, shops, and local amenities.

Iluka continues to grow as a highly sought-after coastal community, offering a lifestyle that is enviable by many.

An inspection will not disappoint - this is a rare opportunity to secure a substantial, income-generating property with future potential in a tightly held market.

Inspect today - you will be impressed.