1-3/37 Murray Rd

Newborough VIC 3825

Block of units

Currently for sale - view listing

Overview

Investment Opportunity - Three Updated Units in Great Location

Positioned in a highly sought-after location close to parks, schools and the Newborough shopping precinct, this well-maintained complex of three fully tenanted units presents an outstanding opportunity for investors seeking immediate rental income and strong long-term potential. Each unit offers two bedrooms with built-in storage, while Units 1 and 3 feature a separate study and Unit 2 includes a walk-in robe to the master bedroom. Unit 3's main bedroom is further enhanced by a charming window seat with built-in storage. Open plan kitchen, dining and living areas are complemented by electric hotplates, underbench oven, split system heating and cooling throughout. Updated floor coverings include quality vinyl plank flooring through the living areas, with carpet providing comfort in the bedrooms. All units feature well-appointed bathrooms with extra-large showers, vanity and toilet, along with European laundries complete with upper and lower cupboards. Quality security doors are fitted to both the front and rear of each unit, there are electric hot water services and each resident enjoys the convenience of an allocated carport and a private rear courtyard. Current Rental Returns • Unit 1: $320 per week, increasing to $340 per week from 15 January 2027 • Unit 2: $310 per week, increasing to $330 per week from 23 December 2026 • Unit 3: $330 per week Investment Highlights • Three fully tenanted, updated units on one title • Gross yield of 6.04% from 15/1/27 • Walking distance to schools, parks and local shopping • Easily maintained common areas Offering a secure income stream from day one and situated in a quality Newborough location, this is a rare opportunity to secure a solid multi-unit investment with proven rental performance and future growth potential.