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House
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for sale
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RIVERSIDE INVESTMENT OPPORTUNITY
Marx Hill
· 8 Bedrooms · 3 Baths · House
Marx Hill · 8 Bedrooms · 3 Baths · House
Positioned in one of Mylestom's most tightly held waterfront pockets, this River Street property is first and foremost an income-producing asset in a location where accommodation supply is limited and demand remains consistently strong. Directly opposite the waterfront reserve - where a small sandy beach provides easy access for launching kayaks or a small tinnie - and only 400 metres to North Beach, the setting supports both permanent rental and holiday accommodation, making it ideally suited to investors seeking reliable returns and long-term growth. The property is DA-approved for a backpackers hostel, significantly broadening its commercial potential and providing flexibility for short-stay accommodation, worker housing, or traditional residential leasing. Currently configured as two fully self-contained residences, it offers immediate dual-income capability with the upstairs residence estimated to return $750 per week and the downstairs level approximately $650 per week, creating
Positioned in one of Mylestom's most tightly held waterfront pockets, this River Street property is first and foremost an income-producing asset in a location where accommodation supply is limited and demand remains consistently strong. Directly opposite the waterfront reserve - where a small sandy beach provides easy access for launching kayaks or a small tinnie - and only 400 metres to North Beach, the setting supports both permanent rental and holiday accommodation, making it ideally suited to investors seeking reliable returns and long-term growth. The property is DA-approved for a backpackers hostel, significantly broadening its commercial potential and providing flexibility for short-stay accommodation, worker housing, or traditional residential leasing. Currently configured as two fully self-contained residences, it offers immediate dual-income capability with the upstairs residence estimated to return $750 per week and the downstairs level approximately $650 per week, creating
Request Details