A rare and highly sought-after opportunity to secure an entire block of three units on one title, perfectly positioned just two streets back from the beach. This high-performing investment offers immediate rental income with impressive potential for growth through value-adding upgrades. Whether you're an investor seeking strong yields, future redevelopment value, or a low-maintenance addition to your portfolio, this property delivers.Current Rental Income & Market Potential:1/86 Osborne Parade • Current Rent: $265/week • Market Rent (after paint, carpet & blinds): Approx. $400/week2/86 Osborne Parade • Current Rent: $360/week • Market Rent: Approx. $380/week3/86 Osborne Parade • Current Rent: $360/week • Market Rent: Approx. $380/weekKey Features:- Entire block of 3 units on one title- All units currently tenanted- Significant upside with cosmetic upgrades- Strong rental demand in a premium coastal location- Two streets from the beach - highly desirable for tenants and future buyers- Ideal long-term hold, Airbnb opportunity (STCA), or redevelopment siteInvestor Highlights:- Solid current rental return- Attractive uplift potential from bringing all units to market rent- Outstanding location ensuring continuous high occupancy- Very limited supply of full unit blocks on single titles near the beachDon't miss this exceptional opportunity to secure a high-performing coastal investment with strong future growth potential.
This is a modest, utilitarian coastal property with no sign of architect design or notable period detailing — interiors are basic with dated kitchens and bathrooms. The building reads as a small multi‑unit investment or converted flats rather than an original or high‑quality custom home; it offers clear renovation potential but little architectural significance as presented.
Key Architectural Features
weatherboard / cladding exteriorsingle-storey, narrow rectangular planbasic fitted kitchens (small, utilitarian)mosaic tile bathroom (dated) and tiled shower curbpainted concrete block interior wallsdetached carportcoastal location / close to beach
