Rare Esplanade Investment - 4 Units, One Title.

Opportunities like this on the Esplanade at Kurrimine Beach are incredibly tightly held and this one is ready to perform from day one.

Positioned right on the waterfront, this is a fully renovated block of four units on a single title, offering complete flexibility in how you generate income.

Originally configured as a mix of commercial and residential, the property has been expertly transformed into a fully compliant, modern residential asset. Bringing a building of this nature up to current multi-dwelling standards under one roofline is no small undertaking, and all of that work has been done.

Constructed and finished to a high standard by a well-regarded local builder, each of the four units is spacious, air-conditioned, and designed with longevity in mind. The property meets modern accessibility requirements, including compliant doorway widths and adheres to current fire and building standards, with no shortcuts taken.

Based on current market conditions, two of the units have an estimated rental capacity of approximately $550 per week, with the two front, ocean-facing units expected to achieve around $650 per week (conservative figures).

That equates to a projected gross income of approximately $2,400 per week, or $125,000 per annum.

At the asking price of $1.8 million, this represents a gross yield of just under 7%, a highly competitive return for a beachfront asset of this quality.

Where this property truly stands apart, however, is in its upside.

With absolute Esplanade frontage and strong appeal to holidaymakers, there is clear potential to further increase returns through short-term accommodation platforms such as Airbnb. While exact figures will vary, properties in this position can significantly outperform standard long-term rentals, particularly during peak coastal seasons.

Importantly, being held on a single title means no strata complications, just simple ownership, streamlined management, and complete control.

Whether you choose to secure consistent long-term income or optimise for higher short-term returns, this is a rare opportunity to acquire a high-performing coastal asset with both immediate yield and future growth.