109 Richmond Terrace, Coraki, NSW 2471

How often does the opportunity arise to purchase two free-standing homes and a commercial shopfront? Here it is, 109 Richmond Terrace ideal for those seeking immediate income potential, multi-generational living, or a live-and-work setup. This property is positioned front row of Richmond Terrace, providing stunning views of the Richmond River & with access to coffee shop, hairdressers, parks and the main street of Coraki. 

The rear house, fronting onto Church Lane was built in the early 2000's and is currently leased with tenants who would like to stay on at the property, the front house and shop front are vacant and ready to be leased or utilised for you own plans. 

Property Features

House on Church Lane:
- 4 spacious bedrooms
- Open plan living, kitchen, dining
- Bathroom with walk in shower, bathtub and separate toilet
- Covered balcony 
- Single car garage
- Living quarters did not flood in the 2022 Event

House on Richmond Terrace:
- Updated kitchen, laundry and flooring throughout the bottom level after 2022 flood event resulted in approx. 60 cm of water through property for the first time. 
- New sleek kitchen, complete with updated cupboards, timber benchtop, dishwasher and electric stove. 
- Huge soaring ceilings through the house, a testament to the period of the home. 
- Bathroom with shower and toilet downstairs for convenience.
- Five bedrooms upstairs, large in size complete with Built in cupboards.
- The front bedroom provides beautiful views of the Richmond River.
- Bathroom upstairs to service the bedrooms, with a toilet and shower tub combo. 

Other features:
- Large storage shed on the property with a toilet, used in the past to service the commercial shop.
- Double covered carport. 
- Commercial shop front, currently vacant, ready to be leased or converted into an extension of the attached residence. 
- Grassy courtyard at the front of the property, prefect for a fireplace and to relax while enjoying views of  the Richmond river.

Location:
- Across the road from the Richmond River.
- Next door to Heikes Café and Coraki Hairdressers.
- 30m to Memorial Park & playground.
- Approx 250m to Spar, local bakery and local butchers.
- Approx 1.4kms to local primary schools.
- Approx 24kms to the coastal township of Evans Head.
- Approx 25 Kms to the central hub of Lismore. 

Coraki continues to offer some of the best rental yields in the Northern Rivers, paired with low vacancy rates and growing buyer interest. Whether you're looking to generate triple income streams, create a family compound, or live in one home while renting the rest – 109 Richmond Terrace is brimming with potential. Don't miss your chance to secure this unique and flexible holding in a riverside setting. 


DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.