Having easily generated $187,400.00 (gross) over five years, an astute investor will see where this waterfront's headed. That's right, such limited supply on so stunning a location means only one thing, and an astute investor knows it. They won't be distracted by the charm and romance of the Captain's Cottages' beautiful renovation. An astute investor won't be tickled by the warmth of its polished pioneer timbers, nor the quiet comfort behind her lead-light picture front door. An astute investor won't think about falling asleep to the song of rain on the tin roof or the sigh of waves stroking the sea-wall across the road. They won't be tempted to swim there, nor stroll the waterfront to the beach and back before breakfast. The stunning haven-side view, the dining options, the handy location to the city, the strictly limited supply won't fill an astute investor with an inner glow. But the money will. Cottage ceilings, quiet interiors, two double-bedrooms aloft and a third master below with its own WC and basin. Warm timbered kitchen, sunny lounge with formal dining, a commodious "sauna-style" bathroom and a ship-shape hideaway laundry.

Freehold title and no Body Corporate, the Captains Cottage is the perfect waterfront pied-a-terre, downsizing option, or tidy income earner. Auction next Wednesday unless SOLD prior.