2127sqm Block with 13 One-Bedroom Units + Development Potential
Property Highlights:
• 2041sqm block on one title
• 13 well-maintained, fully tenanted one-bedroom units
• Private car parking for all units
• Impressive rental income of approx. $200,000 per year
• Zoned for potential large-scale apartment development (STCA)

This is a rare opportunity to secure a high-yielding investment property with strong rental returns, offering immediate cash flow and significant development potential. Situated on a substantial 2041sqm parcel, the property features 13 individual one-bedroom units, each complete with its own parking space, making it a desirable option for tenants and investors alike.

With a current rental income of around $200,000 annually, this asset provides steady returns, but its true value lies in the potential to develop a large apartment complex (Subject to Council Approval).

Perfect for astute developers or investors looking for a property that combines current income with future growth potential.

Don’t miss this exceptional opportunity!