Cashflow Positive | Approx. 8.8% Return | Fully Tenanted
Hennessy Real Estate is proud to present a rare opportunity to secure a high-performing investment in a blue-chip Narrabri location. Positioned within easy walking distance to the CBD, schools, Narrabri Creek and walking track, this block of five well-maintained units combines strong rental performance, long-term tenants and low vacancy risk making it a standout choice for investors seeking secure, passive income.
With a combined current rental income of $63,700 per annum and a listed price range of $690,000$730,000, this asset delivers a projected gross return of approximately 8.8%, placing it firmly in cashflow-positive territory in today's market.
Property Breakdown:
Three x 1-Bedroom Brick Units
Open-plan kitchen & dining with electric appliances
Vinyl timber plank flooring throughout
Split-system air conditioning
Bedrooms with built-in wardrobes
Tiled bathrooms with shower, toilet & internal laundry space
Single designated car space at entry
Two x 2-Bedroom Elevated Units
Enclosed entryways leading to open-plan living
Lounge with reverse cycle air conditioning & carpet
Sunken study nook or additional office space
Kitchen with electric under-bench oven & cooktop
Two carpeted bedrooms with built-in wardrobes
Central tiled bathroom with shower, toilet & vanity
Ground-level storage plus communal laundry
Single carport + additional parking spaces
External Features
Fully fenced, established lawn areas
Well-maintained complex with strong rental history
Quality tenants, some in place for over 10 years
Why This Investment Stands Out:
- Approx. 8.8% projected gross return
- Fully tenanted with stable, long-term occupants
- Walking distance to town, schools & amenities
- Low-maintenance brick construction
- Diverse unit mix caters to singles, couples & small families
- Ideal set-and-forget addition to any portfolio
Whether you're looking to expand your portfolio or step into a proven, income-generating asset in a thriving regional market, this is an investment that delivers from day one.
Secure this positive cashflow complex today, call Hennessy Real Estate on 6792 5566 and enjoy the benefits this outstanding opportunity presents.
