This fully tenanted block of 6 internal units on 810sqm (2 titles of 405sqm each) and zoned LMR2 Low-medium density residential (2 or 3 storey mix) is offered for sale to the astute investor looking for strong rental return and redevelopment growth potential.
Please read the entire listing for answers to most questions.
Note - Video Inspection available, please submit an enquiry.
Built pre war with a total annual gross rental income of around $103,000 and no body corporate you will be fully in control of your investment. Further cosmetic renovations could increase your return, or you could look to redevelop the site.
Unit 1 - $350pw
2 bed, 1 bath + Study
Lease End 2/5/26
Unit 2 - $330pw
2 bed, 1 bath
Lease End 6/2/26
Unit 3 - $300pw
1 bed, 1 bath
Lease End 23/7/26
Unit 4 - $300pw
1 bed, 1 bath or 2 bed combined living area.
External Bathroom
Lease End 28/1/26
Unit 5 - $400pw
2 bed, 1 bath
Lease End 3/7/26
Unit 6 - $300pw
1 bed, 1 bath or 2 bed combined living area.
Lease End 3/11/26
Current Yield
$1,980 per week /
$102,960 per year
810sqm consisting of 2 titles of 405sqm each.
Separate electricity meters, combined water.
BCC Rates approx $2,113 per quarter
Water approx $1,687 per quarter (not separately metered).
No Body Corporate Fees
Located in a great pocket of Annerley the units are walking distance to public transport (Fairfield Train Station) and Ipswich Road. Close to cafes, shops, eateries, kindergarten/childcare services and schools, as well as easy access to major arterials.
An 8-minute drive to the City and a 10-minute drive to Southbank.
For Sale Now.
Provide your details for access to
- Disclosure Statement.
- Private video inspection link.
- Offer Document.
Note physical inspections are available AFTER viewing the inspection link and submitting an EOI.
Acceptable Terms
7 Business days Building and Pest
10 Business days Finance.
30 Day Settlement
Recent Sales yields of apartment blocks for information purposes only -
412 Annerley Road, Annerley
4.31% Return
$1,500,000
Sold May 2025
708sqm
3 x 2 bed units
Gross rental return $64,740
Weatherboard Walk Up
752 Ipswich Road, Annerley
4.81% Return
$1,917,000
Sold on 31 Mar 2025
809m2
Unit Details (Separately titled)
- 1 x 4-bed / 1-bath / 2-car
- 3 x 2-bed / 1-bath / 1-car
- 1 x 1-bed / 1-bath / 1-car
Gross rental return $92,300 per year
Brick and tile walk up.
*Note Images have been modified with AI for tenant privacy.
