In a market where land, income, and future upside rarely align, this is a proposition that delivers on all fronts. 34-36 Patteson Avenue, Mission Bay presents a tightly held corner site comprising four separately configured dwellings on three cross-lease titles, offered together as one compelling package.
The fundamentals are strong:
• A north-west facing aspect captures sun and natural light, while the corner position ensures something increasingly difficult to replicate - every residence enjoys its own frontage. It's a rare advantage that elevates both current livability and future design flexibility.
• The existing improvements provide immediate return and versatility. The primary dwelling offers three bedrooms plus a self-contained one-bedroom unit, ideal for extended family or supplementary income. Two additional units each provide two bedrooms and one bathroom, creating a balanced mix that consistently appeals to the rental market.
• Fully occupied, the property currently earns $133,000 per annum, offering a solid, immediate income stream while you plan for the future.
• For those looking ahead, the real value lies in what comes next. Sites of this nature - corner, sun-soaked, and walkable to the waterfront - are increasingly scarce.
• Mixed Housing Urban Zone, with easy access to the underground services, the configuration lends itself to considered redevelopment where design, aspect, and individual frontage can be fully capitalised on.
Positioned just moments from the waterfront, the lifestyle component is effortless. A short stroll takes you to Mission Bay Beach, along with vibrant cafés, eateries, and the best of the Eastern Bays coastline. Proximity to the CBD ensures ongoing demand, while the suburb's enduring appeal underpins long-term value.
This is not just a holding - it's a strategic acquisition. Secure the income, control the land, and shape the future at your pace.
