Set on a substantial 1,009m² (approx.) allotment, this dual-dwelling property presents a compelling opportunity for investors seeking immediate income with long-term flexibility.
The site accommodates two self-contained residences, currently leased separately and returning an attractive yield of approximately 6.8%. Together, the dwellings offer a combined total of five bedrooms, comprising a three-bedroom home and a separate two-bedroom residence, each with its own bathroom facilities. This configuration provides diversified income streams and broad tenant appeal.
With strong rental performance already in place, the property is well suited to investors looking for a set-and-forget asset, dual-occupancy living, or a future-focused holding on a generous land parcel (STCA).
An increasingly rare opportunity to secure a dual-income property on a large allotment, offering both immediate returns and ongoing potential.
assignmentLooking for more information on 23 Lake St?
Explore comparables, sales history and growth for this property.
