Beachfront at Pearl Beach hits the market

A beachfront property at Pearl Beach has been listed for sale. 

The building at 1 Tourmaline Avenue is approximately 5,862 square metres in size and sits on 670 square metres of land and comes with four bedrooms and four bathrooms . 

The two-storey, weatherboard holiday style home has over 20 metres of beach frontage and a wine cellar in the basement. 

Income can be gained by the lower level of the property which features a two-bedroom holiday let and a large sun deck with views to the beach and a 70-seat restaurant which was awarded one hat by the SMH Good Food judges.

The restaurant lease has five years remaining and is expected to provide a return of $94,000 per annum, the two-bedroom apartment on the lower level is expected to provide a return of $40,000 as a holiday rental.

The upper level of the property and the the owner’s apartment has two bedrooms and the master with ensuite. 

The property is listed by Stewart Shaw at Pearl Beach Real Estate who is listening to expressions of interest.

The median house price in Pearl Beach is $850,000 according to CoreLogic.