Opportunities like this don't come around often - and when they do, they don't sit for long.
Set on an 809sqm allotment in tightly held Railway Estate, this solid block of four self-contained units delivers exactly what investors want: a premium location, consistency, and strong rental demand - with no body corporate fees. This fully tenanted block is offered with a Building & Pest Inspection Report available upfront, allowing buyers to assess the scope of works, plan improvements, and move forward with clarity and confidence.
Each unit comprises two bedrooms, one bathroom with internal laundry, functional kitchens, and open-plan living. The ground-level units offer easy access and practical layouts, while the upper units enjoy an additional front living area and balcony off the lounge.
The Building & Pest report outlines areas requiring attention, presenting a clear value-add opportunity. With all units currently tenanted, improvements can be staged over time, allowing buyers to enhance durability, improve rental performance, and create long-term capital growth - without sacrificing holding income.
Additional features include dual driveway access, rear carports, established gardens, outdoor sitting areas, and no body corporate fees - keeping ownership simple and costs controlled.
Investment Snapshot
Strong weekly rental return ($1305 per week)
Approx. $67,860 gross annual income
Rates approx. $8,172.00 per half year
Current leases in place across all units
Lease Endings: Unit 1 - May 2026, Unit 2 - July 2026, Unit 3 - March 2027, Unit 4 - May 2026.
This is a low-maintenance, high-demand asset in a suburb where vacancy is rarely an issue. Located minutes from the CBD, Palmer Street dining precinct, Flinders Street entertainment, The Strand, Idalia shopping, and major arterial roads, this is a location that consistently performs, regardless of market conditions.
Building & Pest Inspection Report available.
Income in place.
Clear pathway to upside.
This is an opportunity for investors who understand that value isn't always about what's finished - but what can be done next, in the right location.
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