Two income streams, spectacular ocean views and the flexibility to make it your own.
Here's an opportunity that offers more than just an investment. Positioned in the heart of Dalmeny, with the village shops directly below and the ocean stretching out beyond, this versatile property combines a commercial premises on the ground floor with a seperate two-bedroom residence upstairs — opening the door to a range of exciting possibilities.
For investors, the appeal is clear: two separate tenancies, established rental income and a convenient coastal location. But what makes this property particularly interesting is the flexibility it offers beyond a traditional investment.
Perhaps you'd like to live upstairs and enjoy the ocean views while the commercial tenancy helps contribute towards your holding costs. Maybe you're searching for a coastal weekender, a place to escape the everyday and enjoy everything Dalmeny has to offer, while retaining the benefit of commercial rental income downstairs. Alternatively, the upstairs residence could appeal as a holiday accommodation opportunity while the commercial premises continues to generate income.
Downstairs, the commercial premises incorporates showroom or retail space, a separate office and kitchen area. The current lease runs until November 2028, with a further three-year option, and provides rental income of $1,776.67 per calendar month, with annual CPI increases. No GST is applicable to the rent.
Upstairs, the two-bedroom residence delivers relaxed coastal living with a modern kitchen, contemporary bathroom and integrated laundry, and an open-plan living area that captures spectacular ocean views. Step onto the balcony to enjoy the outlook, or wake to the same impressive coastal panorama from the master bedroom.
The residence is currently rented at $1495 per calendar month, with the lease running until April 2027, providing an additional income stream for the incoming owner in the meantime.
And the location is hard to beat. Dalmeny's shops are directly below, a park sits across the road and the beach is just moments away, with patrolled swimming during the Christmas holiday period. The fabulous Dalmeny to Narooma cycleway is also nearby, making it easy to enjoy the coastline on two wheels.
**THE INVESTMENT DETAILS**
- Commercial rental income: $1,776.67 per calendar month
- Commercial lease: Until November 2028
- Further commercial lease option: Three years
- Commercial rental increases: Annual CPI adjustments
- Residential rental income: $1495 per calendar month
- Residential lease: Until April 2027
- Council rates: $3,456.88 per annum
- Strata levies: $7,236.00 per annum
- GST: No GST applicable to the commercial rent
Whether you're looking for a dual-income investment, a place to call home with rental income downstairs, or a coastal escape with the potential to generate income when you're not using it, this is a property that deserves your attention.
