56-58 Duke Street

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About this property

A rare opportunity to secure a high-performing coastal investment in one of Iluka's most sought-after locations - now offered with the flexibility to purchase individually or in one line. 56 Duke Street and 58 Duke Street are each available for $1,500,000 per lot, or buyers have the option to secure the entire holding across both titles. Combined, the properties comprise six well-maintained units on a substantial 1,924m² parcel, offering scale, strong income, and long-term upside. 56 Duke Street - $1,500,000 - 1 x three-bedroom unit - 2 x two-bedroom units - Total of 7 bedrooms, 3 bathrooms, and 2 car spaces 58 Duke Street - $1,500,000 - 1 x three-bedroom unit - 2 x two-bedroom units - Total of 7 bedrooms, 3 bathrooms, and 2 car spaces Each property consists of three villa-style units, with two being freestanding, ground-level residences. The layout is thoughtfully designed, with adjoining carports providing separation and privacy, while each unit enjoys its own fully fenced, low-maintenance private backyard. All units are well presented and currently leased to quality long-term tenants, delivering consistent rental income with minimal vacancy risk. Offering exceptional versatility, you may choose to continue leasing all dwellings for immediate returns, or occupy one residence while generating income from the others. Held by the current owner for over 22 years, this is a proven, low-maintenance asset with a strong and reliable track record. With its existing configuration and previous approvals, there is also potential for use as boarding accommodation (STCA), providing further scope to enhance returns. Positioned in one of Iluka's most desirable streets - a quiet, quality neighbourhood divided by a grassed median strip - the location further elevates the appeal. You are within easy reach of 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. Whether you choose to secure one property or the entire holding, this is a rare opportunity to invest in a substantial, income-generating asset in a tightly held market. Inspect today - you will be impressed.

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.