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An extraordinary opportunity to acquire a high-performing investment property comprising 10 fully tenanted units across a generous 3,387m? block. Situated in a R1-General Residential Zone, this property offers healthy current returns with significant potential for future growth, partial redevelopment (Subject To Council Approval) or strata subdivision all within walking distance of shops, medical services, and the beautiful Manning River.
Positioned in a convenient, central location, this investment enjoys strong tenant retention, with many residents calling these units home for over a decade. The property consists of 8 modern brick and tile units, offering a mix of 2 and 3-bedroom configurations, along with well-maintained older-style homes at the front of the block.
Currently yielding a gross return of $190,320 per annum, with potential to increase to $205,400 annually, this is a prime opportunity for investors looking for reliable income and low vacancy rates.
Property Features:
-6 x 2-bedroom units
- 4 x 3-bedroom units
- Single title for simplified ownership and management
- Garages and individual laundries for each unit
- Walking distance to local shops and amenities
- Easy-to-rent property with multiple long-term tenancies
With a demonstrated robust income, exceptionally low vacancy rates, and the current statewide housing shortage, this property represents a secure, long-term investment opportunity with plenty of upside.
Don't miss your chance to secure this rare multi-unit investment. Contact the team at Lauders Real Estate Old Bar today to arrange an inspection!
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