FOR SALE
$1,150,000

638 Pacific Highway
Lake Munmorah NSW 2259

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 822m2
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Exceptional Investment Opportunity in Prime Redevelopment Area High Visibility, Multiple Income Streams, and Future Growth Potential

Purchase Price $1,150,000 (existing lease no GST)
Annualised return: Commercial $49,512.27 $54,463.50 includes GST
GrannyFlat $25,480
Total $74,992.27
Invest in the future with this premium property ideally situated on the bustling Pacific Highway, promising unparalleled visibility and foot traffic. This area is poised for significant redevelopment, making it a lucrative opportunity for forward-thinking investors.
At the forefront of the property, a well-established takeaway shopfront occupies prime road frontage, boasting a long-term tenant (existing use rights). This ensures a stable and reliable income stream. The prime location guarantees excellent exposure to passing traffic, enhancing the business's visibility and potential for growth.
The shop tenant is currently leased until October 2025, with a monthly rent of
$4,538.63. The lease includes a 5% annual increase each October, adding to the investment's appeal. The shopfront features a full kitchen, grease trap, and convenient parking at both the front and rear. Additionally, a studio with a shower and toilet is included in the lease, providing extra value.
Towards the rear of the property, a well-maintained very modern two-bedroom grannyflat and is leased separately, occupied by exemplary tenants. The house's spacious and modern layout is perfect for a small family or couple, offering peace and privacy.
This dual occupancy setup yields multiple income streams and significant flexibility. Combined, these two leases generate a 6.521% return based in on the listing price. The long-term shop tenant and commendable grannyflat tenants contribute to this low-maintenance, hassle-free investment.
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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 2,528 properties. Over the last 5 years, Houses in Lake Munmorah have seen a 61.63% increase in median value, while Units have seen a -37.08% decrease. As at 30 November 2024:

  • The median value for Houses in Lake Munmorah is $771,750 while the median value for Units is $407,846.
  • Houses have a median rent of $570.
There are currently 26 properties listed for sale, and 3 properties listed for rent in Lake munmorah on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Lake munmorah.

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Suburb Insights for Lake Munmorah 2259

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Darin Butcher
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Toby Butcher
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