10 Clarence Street, Yamba, NSW 2464

Long considered one of the jewels of the NSW coastline, Yamba is renowned for its pristine surfing beaches, vibrant dining scene and welcoming village atmosphere. A haven for locals and tourists alike, this charming seaside town delights visitors with its biodiverse national parks, abundant marine wildlife and enchanting natural beauty, while its enticing array of cafes, restaurants and bars has garnered a stellar reputation amongst foodies and holiday makers.

One of the few offerings in the coveted 'hill triangle', home to Yamba's iconic Pacific Hotel, this unique freehold offering will instantly intrigue commercial operators, developers or sea changers seeking passive income in one of the state's most picturesque seaside towns. Enviably positioned, it's uniquely situated within walking distance to all of Yamba's beautiful beaches and the mighty Clarence River. 

Comprising a 106m2 commercial use space with maximum exposure at street level, the commercial shopfront has traded as the popular restaurant and bar 'Paradiso' for many years, with a long list of repeat clientele. Offering the potential for ongoing passive income, there is a 3 x 2 restaurant lease in place, with the current long-standing tenants keen to continue the lease.

Providing ultra-rare versatility, the building also features a modern coastal-style two bedroom, two bathroom residence to the rear. Revealing hardwood floors, an open-plan living and dining area plus a modern kitchen, this comfortable coastal haven overlooks tropical gardens and a grassed rear lawn. 

Capitalise on the consistent high demand for holiday accommodation in the area and lease as an Airbnb, or secure healthy rental income as a low-maintenance permanent home. A separate self-contained, lettable studio only increases the income potential. Spend leisurely weekends in the home or studio, invite your friends or extended family to enjoy the best Yamba has to offer, and let the rent from the restaurant continue to flow.

With rare SP3 Tourism Zoning, the building comes complete with the established reputation and on-going rental income of the existing restaurant, plus solid rental returns from the residence and studio in one of Yamba's most popular dining enclaves. In addition, the SP3 tourism zoning offers potential to re-develop the site and increase the building height to 12m (STCA).

It's a short stroll to the landmark Yamba Lighthouse, popular for sunset picnics, or a gentle wander to the surf at Yamba's Main Beach. The glamorous Il Delfino Seaside Inn is just 550m away, while the vibrant main street is just 270m down the hill. It really does tick every box for location, flexibility and tourism potential.

With high street exposure, immense versatility and scope for continued rental returns, this unique freehold offering is a rare gem in the ever-growing Yamba market. Developers, investors and those seeking a home plus income 'in one', will instantly recognise the appeal of this flexible in-town property.

Property Features:

•	405m2 block, mixed-use commercial and residential freehold building
•	Premium elevated position amongst the golden 'hill triangle' zone
•	Walking distance to all five of Yamba's beaches plus the Clarence River
•	106m2 commercial space at street front, operating as the 'Paradiso' restaurant and bar
•	3 + 2 year lease, currently in 3rd year until September 2025 
•	Currently yielding a healthy $40k p/a with restaurant tenants very keen to continue 
•	Modern two bedroom, two bathroom coastal style home to the rear with covered alfresco area
•	The contemporary kitchen features a gas oven and stone bench tops
•	Light and airy open plan living and dining area with ceiling fan
•	Study nook, internal laundry, modern main bathroom
•	Master bedroom features a contemporary ensuite
•	Fenced grassed backyard plus a garden shed
•	Solar HWS plus 6.6kW solar system to the house 
•	Separate 6.0m x 3.5m air conditioned studio with kitchenette and bathroom 
•	Rental yield for building at $86k p/a
•	Scope to live onsite and lease the restaurant for passive income 
•	Short walk to Yamba Beach, the lighthouse or the main street
•	1.5 hours from Ballina/Byron Gateway Airport, 7 mins to Angourie


Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.