Constructed from durable concrete block, this well-maintained complex presents a compelling investment opportunity with strong rental performance and long-term tenant stability. Fully occupied and generating an immediate income stream, the property offers low-maintenance ownership with future upside through rental growth. Each unit is thoughtfully designed with functional open-plan living and private outdoor space, appealing to a broad tenant demographic.
Current combined rental return is $1,220 per week, with estimated market rent of approximately $1,440 per week, highlighting potential for increased yield.
UNIT FEATURES
Two bedrooms with built-in wardrobes
Bathroom with shower, vanity and toilet
Open-plan kitchen and living area
Single garage allocated to each unit
Private courtyard providing outdoor space
INVESTMENT HIGHLIGHTS
Fully occupied with long-term tenants in place
Strong existing income with potential rental upside
Low-maintenance construction and easy-care living
Secure investment opportunity with proven tenancy history
LOCATION BENEFITS
Less than 100m to Mitchell Park
Less than 1.5km to the town centre
EXPENSES
Council rates: $5,440 Per annum
Water rates: Aproximately $1,563 per quarter
*Boundary outlines shown are approximate.
All information contained herein is gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and interested parties should rely on their own enquiries.
