High-Yield Investment Opportunity – 3 Units on One Title, No Body Corporate Fees
Positioned in a convenient pocket of Miles, this solid investment at 1, 2 & 3/16 Colamba Street (also known as 1, 2 & 3/56 Edith Street) presents an outstanding opportunity to secure a fully income-producing property with strong returns and minimal ongoing costs.
Set on a single title with no strata fees, this property comprises three well-maintained units, each offering comfortable living and reliable tenancy appeal. Whether you're looking to expand your portfolio or secure a set-and-forget investment, this is one that ticks all the boxes.
Unit 1 offers 2 bedrooms and 1 bathroom and is currently leased at $340 per week.
Unit 2 features 2 bedrooms and 1 bathroom, returning $320 per week.
Unit 3 provides a slightly larger layout with 2 bedrooms and 2 bathrooms, achieving $380 per week.
Combined, the property delivers a strong rental income stream, making it an attractive option for investors seeking solid cash flow in a market with consistent demand.
Each unit is designed for easy living, with low-maintenance concrete backyards that reduce upkeep while still offering functional outdoor space for tenants. The layout across all three units is practical and appealing, contributing to their ongoing rental success.
Located in Miles, a region known for its affordability and steady rental demand, this property offers investors the chance to secure a high-performing asset without the added costs and complexities of strata management.
Opportunities like this are rare – three units, one title, no body corporate, and immediate income. Enquire today to secure a smart addition to your investment portfolio.
