Looking for an investment where the numbers do the talking?
Priced competitively at $449,000 and currently generating a combined $805 per week across two existing tenancies, 174 Piesse Street presents an interesting opportunity for investors chasing strong rental returns from day one.
At the front sits a three-bedroom, one-bathroom fibro and iron character home, currently leased for $455 per week until April 2027.
Adding to the property's income is a separate rear studio, currently leased for a further $350 per week until September 2027.
Together, the existing tenancies are currently returning $805 per week – equivalent to approximately 9.3% gross rental yield based on the $449,000 asking price.*
The property is being sold “As-Is”, with motivated Sellers keen to secure a quick sale – all genuine offers are encouraged!
Key features
• 3x1 Fibro & iron character home + Separate 1x1 studio
• Main residence leased at $455pw until April 2027
• Rear studio currently leased at $350pw until September 2027
• Combined current rental income: $805pw (Approx. 9.3% gross rental yield)*
• Established tenants already in place
• Property being sold “As-Is”
• Block Size: 688 m2
• Council rates: $2,958.94 pa / Water rates: $300.00 pa (Approx.)
• No Strata Fees!
Important Notice: The property is being sold “As-Is”. The Seller and Agent make no representation or warranty as to the Council approval, classification or permitted use of the rear studio. Buyers should make their own independent enquiries with the relevant authorities regarding the improvements to the property and their approved use prior to making an offer.
*Gross rental yield is calculated using the current combined rental income of $805 per week and the $449,000 asking price and does not take into account property expenses or other outgoings.
