Property ID: 1P0276

50 Saumarez Street Vincentia NSW

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  • 4
  • 2
  • 2
  • House
  • For Sale
  • 601 sqm
  • 1
  • 1
  • 15.24 meter
  • $2,242.43 Per Year
  • $980.00 Per Year
Perfect beach house to hold, redevelop or duplex. Great bay views!
50 Saumarez Street or Fisherman's Rest is a casual and comfortable beach house with excellent views of Pt Perpendicular and Jervis Bay. It is only a five minute walk to beautiful Nelsons Beach and because of its elevated position, has views to the bay from the upstairs living room and balconies.

Its location, roominess, views and tranquility will pleasantly surprise you.

The land is large and mostly level, with a lovely lawn area behind the house. The lot size is 601 m2 and the frontage to Saumarez Street is 15.24 metres.

Because of this, the property is potentially suitable for a duplex or attached dual occupancy redevelopment - subject to Council approval and meeting Council's design / DCP requirements.

The two level home is set out as follows:

Downstairs has a good sized drive through garage, entrance hall, downstairs bathroom, internal laundry, a second living area, a large bedroom, and access to a large, undercover BBQ and patio area.

Upstairs has 3 bedrooms (1 with its own balcony, 2 with built ins), a shared bathroom with separate toilet and vanity areas, an open plan living, dining & kitchen area, large windows that take in the views of Jervis Bay, and front and rear balconies off the living area.

The house will be sold fully furnished, so can be continued immediately as a holiday rental property.

Holiday rental income for FY2021 was $38,678 and FY2022 income currently stands at $31,000 with more bookings possible between now and 30 June. The property has obvious potential to be modernised, which would improve the holiday rental occupancy and nightly rates.

The house was built in the early 1980's and mostly retains all original features. It has been very well maintained by its current owners. There is immediate, easy potential to extend one of the timber balconies to create a fantastic indoor / outdoor entertaining area with huge views of the bay. Or in time, the whole property could be redeveloped.

Annual rates are $2,242 and the water / sewer availability charge is circa $980 per annum. The land tax value is $628,000.

Many options present, but the house is ready to use as a beach house, private residence, or a private weekender!

Inspection is by appointment only. Please contact Craig McIntosh on 0455 544 228.
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