1 Lewis Street

Properties like this in Airlie Beach don't come up often. A genuine dual-income setup, two possible incomes on one title, in one of Airlie's tightest held pockets, and a two-minute walk to the main street.

Freshly renovated throughout and sitting above the Airlie Beach foreshore with ocean views, the property is on a 607sqm block zoned Low-Medium Density and approved to 12m building height from natural ground level. It comprises a 3 bedroom, 2 bathroom home downstairs with ocean views and a large deck for entertaining, and a self-contained 1-bedroom, 1 bathroom apartment upstairs with its own living area and kitchen.

This is where it gets interesting for investors and owner-occupiers alike:

• Rent the whole property as one income-producing asset
• Split it and rent upstairs and downstairs separately on the long-term market
• Live in one and rent the other to help pay down the mortgage
• Explore the short-term holiday letting market for both dwellings, subject to council approval, with Airlie Beach's tourism demand doing the heavy lifting
• The flat section at the rear of the block leaves plenty of room to add a pool, lifting both lifestyle appeal and rental return

Beyond the numbers, this is a lifestyle address. Restaurants, the lagoon and the marina are all an easy stroll away, while the elevated position keeps you clear of the noise with a front row seat to the water.

Whether you're chasing a smart investment, a house hack to live in one side and rent the other, or a future development play given the zoning, 1 Lewis Street offers genuine optionality that is hard to find at this level.

In accordance with Queensland real estate legislation, agents are not permitted to advertise a price for a property being sold via auction.

Contact Jeremiah Roberts, Ray White Whitsunday, on 0487 856 617 for further information or to arrange an inspection.