Secure a rare investment opportunity in the thriving Naracoorte rental market with this solid complex of four stone units on a generous 1,214m² allotment.
Providing an immediate income stream, all four units are securely tenanted and returning a combined $960 per week.
The complex comprises three 2-bedroom units and one 1-bedroom unit, each offering its own unique layout with living, kitchen and bathroom facilities. Some units include private laundry facilities, while a communal laundry services the remaining tenants.
Constructed in solid stone and held by the current owner for the past 20 years, the property represents a proven long-term investment.
While some updating could further enhance the complex and unlock additional value, the existing tenancy arrangements provide strong holding income from day one.
Unit 1 benefits from a dedicated carport, while ample off-street parking is available for the remaining tenants on a designated bitumen parking area at the rear of the property.
With strong rental demand, consistent occupancy and ongoing capital growth in Naracoorte, this is an exceptional opportunity for investors seeking a quality multi-income asset with future upside.
After two decades of ownership, the vendor is now ready to pass this tightly held investment on to its next owner.
Key Features:
- Four stone units on a 1,214m² allotment.
- Combined rental return of $960 per week.
- Three 2-bedroom units and one 1-bedroom unit.
- Fully tenanted with established rental income.
- Strong local rental demand.
- Scope to modernise and add value over time.
- Carport plus ample off-street tenant parking.
- Held by the same owner for 20 years.
- Excellent addition to any investment portfolio.
Multi-income investment opportunities don't come up often in Naracoorte, and this one will be very popular. To register your interest, find out more information or organise an inspection, please contact the selling agent Lee Curnow on 0427 620 864 or
[email protected].
Council: Naracoorte Lucindale
CT: 5146/271
Land Size: 1,214m2 approx
Rental return: $960 per week total
Council rates: $3,613.85 per annum
Zoning: Neighbourhood
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. RLA62833
