The Phone Code for this property is: 30245. Please quote this number when phoning or texting.
Solid Brick Investment with Government Lease - High & Dry in Lismore
Price: $450,000+
Location:
Lismore, NSW - Approximately 100 metres above the 2022 flood level
Bedrooms: 5Bathrooms: 1.5
~The Property~
This exceptionally solid brick apartment offers exceptional value for investors seeking secure income and minimal upkeep. The apartment is fully furnished and equipped, ready for continued leasing with the government tenant.
Designed for practicality and longevity, the property features five spacious bedrooms, a large modern kitchen, and a combined bathroom and laundry plus an additional separate toilet. The layout is practical and well-suited to group living, with air-conditioning in every bedroom for year-round comfort.
~Inclusions~
- Five beds with mattresses and linen
- Built in wardrobes
- Fridge, dishwasher, washing machine, dryer, modem
- Kitchenware
- TV, couch, coffee table, dining table and chairs
- Pedestal fans, heaters, ironing board
- Split-system air conditioning in every bedroom
- Everything has been thoughtfully included for turnkey, low-maintenance operation.
~Current Lease~
The apartment is currently leased to a government department for staff accommodation, generating a reliable income of over $1,005 per week (inclusive of bills).
Rent is paid quarterly in advance, giving investors a comfortable cash buffer or bonus for an offset account.
Please reach out for the net return (cashflow).
The existing 12-month lease (31st May 2025- 31st May 2026) has strong renewal potential, with most apartments in the complex also occupied by the same dependable government client.
~Why It's an Excellent Opportunity~
- Elevated, flood-free position - peace of mind investment
- Solid brick construction - exceptionally low maintenance and built to last
- Fully furnished, turnkey setup - immediate income continuity
- Secure government tenant - consistent cash flow and low vacancy risk
- Strong rental yield and proven lease history
- With few five-bedroom properties of this calibre available - and even fewer under government lease - this apartment represents an exceptionally rare opportunity to secure a hands-free, high-yield investment near the heart of Lismore's commercial precinct.
~Key words~
Positively geared
Positive cashflow
Government Lease
Boarding House
Co-living
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
