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Rare Investment Opportunity Entire Block of 10 Units
Wongawilli
· 20 Bedrooms · 10 Baths · Flat
Wongawilli · 20 Bedrooms · 10 Baths · Flat
A rare opportunity to secure an entire block of 10 residential units under one ownership, offering multiple established income streams and significant scope to enhance future returns. Held in the same ownership for approximately 50 years, the complex is of solid double brick construction with a terracotta tiled roof, providing a durable and traditionally low-maintenance investment. The complex comprises: - 8 x 2-bedroom, 1-bathroom units - 1 x 1-bedroom, 1-bathroom unit - 1 x 3-bedroom, 1-bathroom unit Currently returning approximately $270-$280 per week per unit, the property is considered to be below current market rental levels, presenting immediate potential for rental growth. The units remain largely in original condition, providing further opportunity to progressively renovate kitchens and bathrooms, modernise the accommodation and strengthen the long-term revenue stream. The property has maintained an excellent occupancy record, with additional features including off-street park
A rare opportunity to secure an entire block of 10 residential units under one ownership, offering multiple established income streams and significant scope to enhance future returns. Held in the same ownership for approximately 50 years, the complex is of solid double brick construction with a terracotta tiled roof, providing a durable and traditionally low-maintenance investment. The complex comprises: - 8 x 2-bedroom, 1-bathroom units - 1 x 1-bedroom, 1-bathroom unit - 1 x 3-bedroom, 1-bathroom unit Currently returning approximately $270-$280 per week per unit, the property is considered to be below current market rental levels, presenting immediate potential for rental growth. The units remain largely in original condition, providing further opportunity to progressively renovate kitchens and bathrooms, modernise the accommodation and strengthen the long-term revenue stream. The property has maintained an excellent occupancy record, with additional features including off-street park
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