An exceptional investment opportunity awaits in the highly convenient Girards Hill precinct of Lismore. This well-designed complex comprises of 10 spacious 2 bedroom units, 1 x 3 bedroom unit and 2 large commercial office spaces, offering a diverse and substantial income stream.
Built in 1980 with a solid rendered exterior and colourbond roof, the complex has been designed with practicality and low-maintenance living in mind. Each unit features generous living areas, fully electric kitchens, spacious bathroom and laundry facilities and bedrooms with built-in wardrobes.
The 11 residential units currently generate a strong gross annual income of approximately $223,600, providing an attractive foundation for investors seeking a substantial income producing property.
Adding further potential are two large vacant office spaces, each with ample dedicated off-street parking. Office 1 is currently advertised at $800 per month, while office 2 is advertised at $1,000 per month, offering an opportunity to further increase the property's overall income once leased.
The complex enjoys an enviable Girards Hill location, with a shopping centre directly opposite and St Vincent’s Hospital and Lismore Workers Golf Club within easy walking distance. The Lismore CBD and Lismore Square are also just minutes away, providing convenient access to shopping, services, employment and essential amenities.
With 11 residential units, 2 additional commercial spaces, excellent parking and a highly convenient location, this property represents a compelling opportunity for investors looking for scale, diversification and strong existing rental income.
For further information or to arrange your private inspection, please contact Gerald on 0408 666 899.
