NOTE: Please contact us via email enquiry to obtain price guidance and a detailed information pack via email response. Kindly ensure your enquiry includes your first and last name, email address and phone number.
Offered for the first time in over a decade, this solid brick complex of four units presents an exciting opportunity to own an exceptionally well maintained asset just a 500m stroll to Flynns Beach.
Built in 1981 and tightly held since 2013, the property has been thoughtfully improved across its ownership. All units have been renovated since purchase.
Each one includes two bedrooms, an open plan living and meals area, internal laundry, full kitchen, bathroom, and balcony. Set on a low maintenance 570sqm, the building includes three lock-up single garages, a rear carport, side access, and a sunny north to rear aspect.
Unit 1 is vacant for showing, freshly updated, and beautifully presented, ideal to lease or occupy immediately. The remaining three units are all tenanted:
• Unit 2: $450/week, increasing to $500 from 27 March 2026
• Unit 3: $500/week
• Unit 4 kitchens, bathrooms, tiling, flooring, appliances, window furnishings, electrical upgrades, and fresh paint. Unit 3 was renovated In early 2025, following her departure, it was fully renovated to match the standard of the remaining units. : $880/fortnight (lease secured to August 2026)
The complex has enjoyed strong tenant retention, with most residents renewing beyond initial lease terms, including unit 4's current five-year tenancy. It has proven a reliable investment with consistent performance, excellent returns, modest holding costs, and minimal turnover.
Live in one and lease the remaining three or enjoy steady income from all four. Positioned in a premium beachside pocket just five minutes from the CBD, opportunities as good as this one are seldom released.
This truly is an investor's dream.
The info pack is in the link below:
https://www.rea-webbooks.com.au/Percival-Property/4-wattle-street
NOTE; This property is being offered for sale via an Expression of Interest campaign, Please note, the vendor reserves the right to accept an offer and proceed with a sale at any time prior to the closing date.
DISCLAIMER: All information contained herein has been obtained from sources deemed reliable; however, it has not been independently verified, and its accuracy is not guaranteed. Interested parties must make and rely on their own enquiries.
