56-58 Duke Street, Iluka NSW 2466

• Bedrooms

  14

• Bathrooms

  6

• Car Spaces

  8

• Property Type

  Apartment

• Land Size

  1,924 m²

• Sale Method

  Private Treaty

56-58 Duke Street, Iluka NSW 2466

56-58 Duke Street, Iluka NSW Buy Individually at $1.5M Each, or Secure Both Titles for $2.55M A rare opportunity to acquire a substantial multi income coastal holding in one of Iluka's most tightly held locations. Offered for the first time in over 22 years, this dual title investment delivers strong income, exceptional flexibility, and long term growth potential in a premium blue chip street. Set across two adjoining titles totalling 1,924m2, the properties comprise six well maintained villa style units, all currently leased to reliable long term tenants. With a combined rental income of $2,400 per week, the holding returns an attractive 4.93% gross yield at the $2.55M price point - a compelling proposition in today's coastal investment market. Buyers may secure one title or the entire dual title portfolio, offering unmatched versatility for investors, downsizers, or owner occupiers seeking income support. Purchase Options: 56 Duke Street - $1,500,000 1 x three bedroom unit 2 x two bedroom units Total: 7 bedrooms, 3 bathrooms, 2 car spaces Approx rental income: $1,330/week 58 Duke Street - $1,500,000 1 x three bedroom unit 2 x two bedroom units Total: 7 bedrooms, 3 bathrooms, 2 car spaces Approx rental income: $1,085/week Both Titles Together - $2,550,000 Six units across two titles Combined income: $2,415/week 4.93% gross yield Significant landholding: 1,924m2 Owner Occupier Appeal Buy one title, live in the three bedroom unit, and enjoy approx $900/week income from the remaining two units - a rare opportunity to secure a coastal lifestyle with strong income offset. Location Positioned in one of Iluka's most desirable streets - quiet, wide, and divided by a grassed median strip - the setting enhances both lifestyle appeal and tenant demand. Walking distance to: Iluka's beaches and river Local shops, cafes, and amenities National parks and walking trails Schools and community facilities Iluka continues to grow as a sought after coastal enclave, with limited supply and strong rental demand underpinning long term value. A Rare Coastal Investment of Scale Whether purchased individually or as a complete holding, 56-58 Duke Street represents an exceptional opportunity to secure a high performing, income generating asset in a premium coastal market. Enquire today - opportunities of this scale and flexibility are seldom offered in Iluka. Six villa style units, all well presented Each unit includes its own fully fenced private yard Adjoining carports provide privacy and separation Long term tenants with minimal vacancy history Low maintenance construction and layout Proven performance over 22+ years of ownership Potential for boarding accommodation (STCA) to enhance returns Ideal for investors, SMSFs, or owner occupiers seeking income support

Property Details

Address

56-58 Duke Street

Suburb

Iluka

State

New South Wales

Postcode

2466