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Description: Positioned within Nambour's established hospital precinct, 10 Waterfall Road presents an opportunity to secure an income-producing investment with substantial landholding appeal and future development possibilities (STCA).
Occupying a generous 899sqm allotment with preliminary planning information identifying Medium Density Residential zoning, this established two-storey residence combines immediate rental income with the flexibility to investigate longer-term investment and development strategies.
TWO TENANCIES. ONE INVESTMENT.
Currently configured with separate upstairs and downstairs tenancies, the property generates a combined $1,000 per week in rental income, representing an annualised gross income of $52,000 at existing rental rates.
The upstairs accommodation returns $600 per week, complemented by a further $400 per week from the downstairs tenancy. With established occupants already in place, purchasers can benefit from an existing income stream while assessing the property's future potential.
The residence features four bedrooms, two bathrooms and accommodation for two vehicles across its two-storey configuration. Established gardens, mature landscaping and a bitumen driveway leading to covered parking complement the substantial landholding.
899SQM OF OPPORTUNITY IN A MEDIUM DENSITY PRECINCT
Beyond its existing investment appeal, the property's Medium Density Residential zoning provides an opportunity to investigate future redevelopment options, subject to Council approval and relevant planning requirements.
Potential strategies may include retaining the existing residence, exploring dual occupancy or multiple dwellings, investigating subdivision possibilities or securing the property as a longer-term landholding.
For investors and developers alike, the combination of existing rental income and a substantial allotment provides flexibility to assess future opportunities without immediately committing to redevelopment.
A STRATEGIC POSITION WITH EVERYDAY CONVENIENCE
Located within Nambour's established healthcare and employment precinct, the property enjoys convenient access to Nambour General Hospital, Nambour Selangor Private Hospital and nearby aged-care facilities.
Nambour Plaza, Coles at Mill Village, the CBD and Nambour Train Station are also within easy reach, while access to the Bruce Highway provides connectivity throughout the Sunshine Coast and beyond.
This established location combines everyday convenience with proximity to major healthcare infrastructure, supporting its appeal to both occupants and investors.
PROPERTY & LIFESTYLE HIGHLIGHTS:
• Generous 899sqm allotment within Nambour's hospital precinct
• Two separately tenanted accommodation levels generating dual rental income
• Upstairs tenancy returning $600pw, leased until 14/01/27
• Downstairs tenancy returning $400pw, leased until 05/04/27
• Combined rental income of $1,000 per week
• Medium Density Residential zoning
• Potential for dual occupancy, multiple dwellings or subdivision (STCA)
• Flexible investment, land banking and future redevelopment opportunities
• Established gardens, mature landscaping and covered accommodation for two vehicles
• Bitumen driveway providing convenient access to rear parking
• 1-min to Nambour Hospital Precinct, including General & Private Hospitals
• 3-mins to Nambour Plaza for shopping and everyday essentials
• 4-mins to Coles Nambour at Mill Village
• 4-mins to Nambour Train Station for rail connections to Brisbane
• 5-mins to Bruce Highway access via Bli Bli Road
INVEST TODAY. EXPLORE TOMORROW.
Whether you're seeking immediate rental income, a strategically positioned landholding or an opportunity to investigate future development, 10 Waterfall Road delivers a compelling combination of existing returns, location and long-term flexibility.
Contact our selling agents today to discuss the tenancy arrangements, request further property information or arrange an inspection.
* Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
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