1-3/24 & 4-5/26 Francis Street, Traralgon, Vic 3844

Positioned within walking distance to Traralgon's CBD and railway station, 24–26 Francis Street presents a rare opportunity to secure a fully tenanted multi-unit holding on approximately 1,231m² across two titles.

Comprising five units in total, the property includes four 2-bedroom units and one 1-bedroom unit, with each offering its own bathroom, laundry facilities and off-street parking/carport space. With a diverse layout and accommodation option across the complex.

Currently returning:
• Unit 1 – $190 per week (leased until 14/06/2027)
• Unit 2 – $240 per week (leased until 12/08/2026)
• Unit 3 – $280 per week (leased until 10/05/2027)
• Unit 4 – $280 per week (leased until 15/12/2026)
• Unit 5 – $280 per week (leased until 26/11/2026)

Set on a substantial allotment with approximately 34.9m frontage, the property provides an immediate holding income together with future scope to renovate, improve and add value over time (STCA). This is a genuine value-add opportunity ideally suited to experienced investors, renovators or developers seeking a project with long-term upside.

Opportunities of this scale are becoming increasingly difficult to secure, particularly within such close proximity to the Traralgon CBD, train station, shops, schools and everyday amenities.

Key Features: • Approx. 1,231m² allotment across two titles • Five fully tenanted rental units • Four 2-bedroom units plus one 1-bedroom unit • Existing leases in place until 2026–2027 • Approx. 34.9m frontage • Individual bathrooms and laundries to each unit • Off-street parking/carport space available • Generous shared and private yard areas • Walking distance to CBD & railway station • Value-add renovation opportunity • Potential future redevelopment opportunity (STCA) .

For further information or to arrange an inspection, contact Racquel Dickson on 0421 333 115 at First National LATROBE.

Type

Block Of Units

Bedrooms

9

Bathrooms

5

Parkings

5

Area

1,231 m²