Offered to the market is a rare opportunity to secure a tightly held 14-unit residential complex, delivering immediate income with clear rental upside and long-term capital security.
The complex comprises a well-balanced mix of one, two and three-bedroom residences, including brand new three-bedroom townhouses, appealing to a broad tenant demographic and underpinning consistent demand.
At full market rent, the property generates a projected weekly income of approximately $7,030, translating to $365,560 per annum. With annual outgoings estimated at $40,000, the asset produces a net income of circa $325,560 per annum, reflecting a net return of approximately 4.5%-4.65%, depending on acquisition price.
Several units are currently under-rented or vacant, presenting an immediate opportunity for income uplift through lease-up and rent optimisation. Multiple leases have recently been renewed, providing a blend of income security and flexibility for the incoming owner.
The inclusion of brand new three-bedroom townhouses further enhances the offering, delivering strong rental appeal and future depreciation benefits, while the existing units provide stable, proven performance.
This is a standout acquisition for investors seeking scale, diversification, and growth potential in a single asset - whether held as a long-term income play or repositioned to maximise returns.
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14 residential dwellings
Mix of 1, 2 & 3-bedroom units
Brand new 3-bedroom townhouses
Projected weekly rent: $7,030
Projected annual rent: $365,560
Estimated outgoings: $40,000 p.a.
NO LAND TAX APPLICABLE
