Lady Bird Grove - A Prime Dual Title Coastal Investment - Bu
56-58 Duke Street, Iluka NSW Buy Individually at $1.5M Each, or Secure Both Titles for $2.85M
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 4.38% gross yield at the $2.85M 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: $1,200/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: $1,200/week
Both Titles Together - $2,850,000
Six units across two titles
Combined income: $2,400/week
4.38% 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
Two freestanding ground level residences per title
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