This is a rare and exciting opportunity to secure a unique slice of waterfront reserve in one of Toukley’s most prestigious and tightly held streets. Set on a generous 623sqm block with direct reserve access, this remarkable property boasts unlimited future potential for the astute buyer ready to embrace a significant renovation or redevelopment project.
The main residence is a spacious three-bedroom home, requiring comprehensive renovation or ideally suited to a complete knock-down rebuild. Currently leased and generating immediate rental income, the property offers holding income while you plan your dream waterfront development.
The separate studio offers two bedrooms with stunning lake views - perfect for conversion into a home office, guest accommodation, or entertainment area. Please note this structure does not have council approval as a granny flat, offering flexibility for creative repurposing to suit your lifestyle needs.
The sloped block will require consideration of retaining wall replacement as part of any development plans, presenting an opportunity to create terraced landscaping that maximizes the spectacular lake outlook and reserve position.
Whether you're accommodating extended family, creating a guest house or holiday rental, or planning a future studio conversion or redevelopment (STCA), the possibilities are endless.
Step outside and stroll across the waterfront reserve access to the peaceful shores of Budgewoi Lake — an ideal setting for kayaking, fishing, or simply relaxing as the sun sets.
Enjoy unbeatable convenience with Toukley Golf Club within walking distance and local shops, cafés, schools, the RSL Club, sporting fields, and Norah Head’s pristine surf beaches all just minutes from your doorstep.
Perfect for investors seeking a renovation project, developers eyeing a premium rebuild opportunity, or owner-occupiers ready to create their waterfront dream home.
Property Highlights:
• Premium 623sqm waterfront reserve block requiring renovation/redevelopment
• Main residence: 3 bedrooms requiring comprehensive renovation, currently tenanted for holding income.
• Studio: 2 rooms plus living space, kitchenette and bathroom with stunning lake outlook, ideal for home office or guest accommodation (not council-approved dwelling)
• Sloped block requiring retaining wall consideration - opportunity for terraced development
• Premier location in one of Toukley’s most desirable streets
• Ample off-street parking.
• Walk to Toukley Golf Club, close to shops, cafés, schools, and RSL Club
• Short drive to Norah Head’s surf beaches
An exceptional renovation project or redevelopment opportunity (STCA) in a tightly held waterfront location.
Key Features
Council Rate: $2534 Per Annum Approximately
Water Rates: $2126 Per Annum Approximately
Current Rent: 3-bedroom residence $525 Per Week
Market Rent: 3-bedroom residence $550 Per Week Approximately
DISCLAIMER: This advertisement contains information provided by third parties. While all care is taken to ensure otherwise, Dotcom Property Sales, does not make any representation as to the accuracy of any of the information contained in the advertisement, does not accept any responsibility or liability, and recommends that any client make their own investigations and enquiries. All images are indicative of the property only.
