FOR SALE
$1,150,000 - $1,200,000

638 Pacific Highway
Lake Munmorah NSW 2259

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 822m2
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Investment Opportunity With Great Return Potential!

Welcome to this exceptional dual occupancy property in Lake Munmorah! This is an amazing investment opportunity that offers an ideal combination of main road positioning and great return potential.
At the front of the property, there is a takeaway shopfront that has a long-term tenant in place, ensuring a steady and reliable income stream. This prime location offers excellent exposure to passing traffic, providing great visibility for the business. The current shop tenant is in lease until October 2025, paying $4,322.50 per month with the lease allowing a 5% increase each October.
The shopfront includes kitchen, grease trap, parking at front and rear, and is complemented by a studio with a shower and toilet, included as part of the lease.
Located at the rear of the block, there is a neat and tidy two bedroom house that is leased separately. The house is currently occupied by great tenants. The spacious and modern layout of the house is perfect for a small family or couple who want to enjoy the peace and privacy of their own space.
This dual occupancy property is an amazing opportunity for any savvy investor looking for a great rental return. The combination of the main road shopfront, granny flat, and separate granny flat provides multiple income streams and plenty of flexibility. The long-term shop tenants and great house tenants make this a low-maintenance and hassle-free investment opportunity.
Don't miss out on this rare and exciting investment opportunity in Lake Munmorah! Contact us today for more information, or to arrange an inspection and see for yourself the potential of this incredible property.
- Dual occupancy opportunity
- Commercial shopfront with granny flat - 100% outgoings paid by tenant
- Ideal main road exposure for shopfront
- Modern two bedroom flat at rear, currently leased for $490 per week
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Property Details for 638 Pacific Hwy, Lake Munmorah

638 Pacific Hwy, Lake Munmorah is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 822m2. The place is currently for sale with Wiseberry Heritage.

Building Type
House
Land Size
822m2

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About Lake Munmorah 2259

The size of Lake Munmorah is approximately 5.6 square kilometres. It has 15 parks covering nearly 18.8% of total area. The population of Lake Munmorah in 2011 was 4,802 people. By 2016 the population was 5,241 showing a population growth of 9.1% in the area during that time. The predominant age group in Lake Munmorah is 70-79 years. Households in Lake Munmorah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Munmorah work in a trades occupation. In 2011, 78.8% of the homes in Lake Munmorah were owner-occupied compared with 79.8% in 2016.

Lake Munmorah has 2,527 properties.

    There are currently 15 properties listed for sale, and 6 properties listed for rent in Lake munmorah on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Lake munmorah.

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    Toby Butcher
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    Wiseberry Heritage
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