19 Warana Avenue

Bray Park NSW 2484

2317 m²

Block of units

Last sold for $2,500,000

Craig Taylor, last sold this property on 11 June 2025 after 380 days on market.

Overview

Calling all investors - Multiple dwellings & tenancies fully occupied.

Introducing this substantial Residential Complex comprising six rented premises which will make a great addition to any property portfolio. Set on an elevated flood free property of 2317m2 (1/2 acre) in a quiet street with close proximity to schools and the Murwillumbah Golf Course/Restaurant and just 3.5km from the Murwillumbah CBD. Each Villa is well presented inside and have had various upgrades and modifications whilst the externals of each are of ageless brick and tiled roof construction making these a low maintenance investment and built to high standards. The portfolio consists of: Villas 1&2 - 2 x stand alone villas - each with 2 bdrms, 1 bathroom, 1 garage, internal laundry, with a covered front balconies. Both have identical floor plans. Villas 3&4 - 1 x Duplex pair each with 2 bdrms, 1 bathroom, internal laundry, 1 garage and covered front balcony. Villas 5 - 1 spacious house - 2 bedroom, 2 bathrooms, 4 car garage, with a front covered balcony and also a rear covered deck. Villa 6 - 1 x apartment attached to house - 1 bdrm, 1 bathroom. 1 off street car space with a front covered balcony. The property currently returns a gross income of approximately $149,760 per annum (estimated 5.44% return on gross income based on guide price and due to increase, figures are available on request). All the tenancies are currently leased with fixed leases with end dates ranging from to March and December of 2025 Important news: The access road to the Villas which forms part of an easement has just been completely upgraded with a new concrete driveway which has vastly improved the access and at the same time eliminating any maintenance for many years to come. Nearby is a residential development consisting of only a limited number of larger residential blocks. These types of development tend to lift the surrounding areas both in terms of desirability and average property prices so the future looks secure for this area. With four completely separate structures there would be a high possibility to also strata or subdivide (subject to council approvals) this would open up a number of options to the savvy investor. If you would like to book an inspection or request more information on this fantastic investment opportunity please do not hesitate to contact Craig at Ray White Murwillumbah. Distances from 19 Warana Ave to: Murwillumbah Post office 3.7km Sunnyside shopping centre 3.7km Mt St Patrick College 3.6km Wollumbin High School 1.5km Tweed Valley Adventist College 1.1km Bray Park General Store 1.2km Murwillumbah Golf Course/Restaurant 850m Gold Coast Airport 36.2km Disclaimer: All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to our office by third parties. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.

Features

11 bedrooms

7 bathrooms

7 carspaces

1 open car space

6 garage spaces

2317 m² lot size

Block of units

Estimated Value

We need at least 3 similar 11 bedroom block of units sold in Bray Park over the last 12 months.

Property history for 19 Warana Avenue

2025

Sold

$2,500,000

11 Jun 2025 by Craig Taylor, of Ray White Rural Murwillumbah

Happy sellers in Bray Park

We have insufficient information to provide an overview of customer satisfaction for Bray Park. Viewing the agent profiles, reviews and sales for Bray Park can provide insights for this location.