What to love
Your Search for the Perfect Investment Property Ends Here
Imagine owning a fully leased investment property that delivers consistent returns while you sleep. Welcome to this exceptional 7-unit complex spread across three consolidated lots at 6, 8 and 10 McRae Street - a rare opportunity that combines immediate cash flow with long-term capital growth potential.
This isn't just another investment property - it's a business relationship that works. With a reliable corporate tenant about to enter their fourth year of occupancy in 2026, you're acquiring more than bricks and mortar; you're securing a proven income stream of $3,360 per week. That's $174,720 flowing into your account annually, with the stability and peace of mind that comes from a tenant who values quality accommodation and pays on time, every time.
The vendor has done the heavy lifting for you. Major capital improvements completed in recent years mean you can hit the ground running without the headache of immediate maintenance concerns. From the brand-new roof installed in 2025 to the comprehensive 2021 makeover that transformed every unit, this complex presents exceptionally well and requires minimal ongoing investment. It's the kind of property that keeps tenants happy and landlords even happier.
Forget about strata committees, rising body corporate fees and waiting for other owners to approve necessary upgrades. You own the entire 2,090m² complex outright across three residential lots, giving you complete control over your investment. Make decisions quickly, implement improvements on your timeline and watch your equity grow without the typical constraints of strata-titled properties.
While this property delivers today, its future potential is equally compelling. The vendor has thoughtfully prepared plans for additional parking bays complete with storage rooms and a dedicated bin area - improvements that could command higher rents or attract quality tenants for years to come. With multiple water outlets strategically positioned throughout the complex, you have the perfect canvas to create beautiful garden spaces that will elevate the entire property's appeal and value.
If you're building a portfolio and seeking a hands-off investment that actually works, this property ticks every box. Strong tenant, solid returns, recent upgrades, and genuine growth potential - all wrapped up in one impressive package.
What to know
Financial Performance
• 7 units fully leased at $480 per week each
• Total annual income: $174,720
• 100% occupancy with corporate tenant (4th year commencing 2026)
• Zero strata fees - complete ownership across three lots
Recent Capital Improvements
• New roof (2025)
• Comprehensive renovation (2021): internal and external paint refresh
• New split-system air conditioners to all units
• New cooktops and hot water systems
• Contemporary window blinds throughout
• Upgraded electric gate motor
Each Unit Includes
• 2 spacious bedrooms (built-in robes to one)
• Tiled living areas downstairs
• Quality timber floorboards upstairs
• Downstairs laundry with shower and toilet
• Roller shutters and air conditioning
• Private courtyard for outdoor enjoyment
Property Specifications
• Total land area: 2,090m² across three residential blocks
• Addresses: 6, 8 and 10 McRae Street
• 7 individual two-bedroom units
Value-Add Opportunities
• Vendor-prepared plans for parking bays with storage and bin area
• Multiple water outlets ready for reticulation
• Scope to enhance landscaping and common areas
Who to talk to
For more information about the property and to book an inspection, contact Jordan James on 0458 193 869.
