An increasingly rare opportunity to secure a full block of units on one title, 1–4/89 Princes Highway, Lucknow presents a compelling addition to any investment portfolio. Comprising four self-contained one-bedroom, one-bathroom units, the property offers immediate income, with all four units currently tenanted, delivering a reliable return from day one.
Each unit is thoughtfully laid out to maximise functionality, featuring a comfortable living space, well-proportioned bedroom and practical kitchen and bathroom facilities. The simplicity of the design ensures broad tenant appeal, supporting consistent occupancy in a market where affordable rentals remain in strong demand.
Positioned along the Princes Highway, the property enjoys excellent accessibility to the Lucknow and Bairnsdale townships, with shops, schools and everyday amenities all within easy reach. This convenient location further underpins its appeal to tenants and reinforces its long-term investment strength.
With rental appraisals indicating a return of approximately $260–$280 per week per unit, the property delivers a solid income stream with scope for future growth. Whether you're looking to expand your portfolio or secure a set-and-forget investment, this is a standout opportunity in a tightly held market.
View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist
