Explore the unique potential of owning two separate houses on a single R2 zoned block in the heart of Iluka, NSW. This property presents a rare opportunity to acquire a low-density residential site with two distinct dwellings, each with separate electricity and sewerage connections, ideal for families, investors, or those seeking additional income.

Main House: This residence is in pristine, brand-new condition with modern finishes still retaining their original packaging, signifying minimal to no use. The property features an electric gate leading to a double garage, ensuring privacy and security. The ground floor boasts a fully air-conditioned media room, an office/study space, a separate lounge area, a state-of-the-art kitchen with a brand-new oven and dishwasher, a walk-in pantry, and a large dining area complemented by an additional toilet.

The first floor offers another living space opening to a balcony, a vast master bedroom with its private balcony, an expansive ensuite with a spa bath and a walk-in robe. Bedrooms 2, 3, and 4 are well-appointed with built-in wardrobes. A main bathroom with a separate toilet completes this luxurious home.

Original House: The original dwelling on the block, this 2 bedroom house with a kitchenette, bathroom and toilet, offers tremendous potential for renovation. It stands as a canvas ready to be transformed into a profitable rental property or a comfortable guest house, adding value and versatility to the entire estate.

This dual-house setup is perfect for those looking to live in one house while renovating or renting out the other, providing a smart pathway to a second income or a significant investment opportunity.

With its excellent location and distinctive attributes, 106 Spencer Street is not just a residence but a promising investment into the future.