Available to the market for the first time in over three decades, this is the beachside investment 'jewel' that you've been searching for. With cool ocean breezes and a peaceful, leafy outlook, this special property is positioned in a prized location with easy accessibility to three of the Coast's most pristine beaches; Shelly Beach, Moffat Beach, and Kings Beach. Built in the 1970s by a well-known local builder, this much-loved residence was cleverly created to allow for spacious holiday accommodation. The current owners holidayed at the property in the early '80s with their young family and when the builder decided it was time to sell, they jumped at the opportunity and have cherished their years at this wonderful residence within the friendly, seaside community of Shelly Beach. This outstanding 602sqm corner block is currently set up to feature two, well-maintained, two-bedroom units on the ground level. An additional three-bedroom property can be found on the upper level, which is flooded with natural light from the abundant windows and provides striking glimpses of the ocean. There is a common courtyard that connects the three separate units and a spacious yard in both the front and the rear of the property. Two long-term tenants currently occupy the ground-level units; however, the possibility exists to utilise the home as one grand and spacious residence if required. The lifestyle in this sought-after location is all about endless summer days, early morning walks, dips in the ocean, and long lunches with friends at the thriving café precincts. A local's favourite brewery is a short walk away and boasts live music, combined with the beautiful seaside playgrounds for the kids, and cool, clear waters; it simply does not get better than this. This is a rare opportunity to achieve exceptional returns in a premium beachside location! - Two x two-bed units appraised at $395 pw each and top three-bed unit appraised at $475 pw ($1,265 pw total). - Incredible investment; currently set up as three separate units - Outstanding 602sqm corner allotment in close proximity to three of the Coast's best beaches - Option to live in the top-level and rent out the bottom two units - Two x two-bed units appraised at $395 pw each and top three-bed unit appraised at $475 pw ($1,265 pw total) - Close to patrolled beaches, restaurants, entertaining, and Caloundra CBD - Further information including the building and pest inspection are available on request