For investors looking beyond the standard single-tenancy property, 1 & 2 297 Gulpha Street presents an increasingly hard-to-find opportunity: two self-contained residences beneath one roofline, both currently leased, all held on a single Torrens title.
Together, the two residences currently return $630 per week, equating to approximately $32,850 in gross rental income per annum. Both tenancies are secured until February 2027, giving the next owner established rental income from day one, with no owners corporation associated with separate strata titles.
The front residence comprises three bedrooms and one bathroom and is currently leased at $390 per week. The adjoining residence adds a further two bedrooms, one bathroom and its own living facilities, currently returning $240 per week to a long-term tenant. Each functions as a self-contained home, creating two separate income streams from the one property.
Beyond its immediate investment appeal, the configuration also creates longer-term flexibility. Retain both residences as an income-producing holding, or consider the potential for extended family or multigenerational living in the future, subject to the existing tenancies and your individual requirements.
Further Highlights:
- Approximately 663m² allotment.
- Combined rental return of $630 per week, approximately $32,850 gross per annum.
- Both residences leased until February 2027.
- Separate kitchen and living facilities to each residence.
- Single lock-up garage servicing the three-bedroom residence.
- Single carport servicing the two-bedroom residence.
- Established gardens and lawn areas.
- Established North Albury location with access to shopping, schools, public transport and Albury CBD.
Council Rates: $2,143.52 approximate per annum.
Water Rates: $1,028.10 approximate per annum plus consumption.
Disclaimer: All information provided has been gathered with care from sources believed to be reliable; however, neither the vendor nor the agent makes any warranty as to its accuracy, completeness, or currency. Interested parties should not rely solely on these particulars and are advised to conduct their own independent enquiries, inspections, and verification to satisfy themselves of all relevant details.
