House for sale

48 Tobin Close,

Lennox Head, NSW

6 5 7
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Unique Coastal Retreat - Exceptional investment possibilities

An incredibly secluded and serene retreat awaits. This sprawling estate is truly in a world of its own, positioned on over 13 acres of ultimate privacy within pristine bush-land and bordering north creek, yet only moments from the vibrant seaside village and famous point break of Lennox Head, exclusive Broken Head and short drive to Byron Bay.

An exceptional investment opportunity, with current infrastructure, approvals and submitted DA for dual occupancy. The current rental return & potential for this property is exceptional and presents an excellent addition to the savvy investor portfolio. Projected income for main house at over $190,000 pa gross for existing dwelling with enormous opportunity to expand on the income streams in the various sections of the estate. This property will provide the owner continued strong, low maintenance income stream for years to come.

Built to the highest standard, the expansive home features high ceilings, hardwood floors, enormous rooms and various guest quarters. Surrounded by decks with a large central entertaining area overlooking the resort style pool, cabana and fire pit, billabong and surrounding bush-land, this home is an entertainers paradise.

The dream development opportunity DA approval is for an Eco-tourism retreat, featuring; 6 luxury villas, another pool, pool cabana and a tennis court. Coupled with the existing home achieving $1,500 per night rent with numerous holiday guest already booking return visits. Suitable for dual occupancy, a 2nd house site has been prepared and submitted to council. The property represents an incredible opportunity for investment, dual/extended family living or dual occupancy house site as a managers residence to operate the resort. While remaining private, each area (Home, Eco-tourism site & warehouse/dual occupancy site) are privately screened away from each other behind high fences with apposing aspects.

* High ceilings and windows seamlessly join indoor & outdoor spaces
* DA approved for 6 luxury villas
* Well appointed chef's kitchen and large walk in pantry
* Large open plan living & dining opening onto huge entertaining decks
* Main residence on target to achieve $200k gross rent
* Additional rental income possible through DA Approved Villas, Potential Dual Occupancy & current warehouse space
* Lush native bush-land & river access to Ballina
* Peace & privacy assured amidst abundant wildlife
* Electric security gate access

Set away from the main residence is an enormous double height shed (520sqm internal space) which lends itself to a number of possibilities.

With the long council approval process complete, this is a lifestyle and business dream come true. With a multitude of opportunities there is no question 48 Tobin Close offers a myriad of possibilities for the savvy buyer.

** Inspection by Appointment only **
Please contact Nick Russo today on 0405 977 049 to explore this property and its possibilities for yourself.

Further Features:
* 13.12 Acre property bordered by North Creek & native bush-land
* Multiple air-conditioning systems & ceiling fans
* Large outdoor fire pit
* Hardwood floors & high ceilings
* Two self-contained guest retreats
* High private internal fencing
* Secure fencing with electric gates
* 520+ sqm double height shed
* Dam with catch & release fish
* Access via boat along North Creek to Ballina
* Gas cooking and stone bench-tops in kitchen
* Internal access from garage
* 3 minutes to Lennox Head, 17 minutes to Byron Bay
* Flat & flood free land
* Boat ramp with clear road-way to river from house & shed
Last updated: 11:39PM on Mar 21st 2018
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Ray White

15 Fletcher Street
Byron Bay NSW, 2481
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