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1-4/206 Smith Street, Naracoorte, SA 5271 For Sale
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1-4/206 Smith Street, Naracoorte, SA 5271

EXPRESSIONS OF INTEREST

Block Of Units
Type
8
Bedrooms
4
Bathrooms
4
Parkings
1,800 m²
Area

Published on Tuesday, September 29, 2026 ( See property details for 1-4/206 Smith Street, Naracoorte, SA 5271)

EXPRESSIONS OF INTEREST

Lee Curnow - Real Estate Agent - Elders Real Estate - Naracoorte (RLA62833)
Lee Curnow Residential Sales Specialist
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A highly flexible, income-generating investment comprising four well-maintained units in the heart of Naracoorte, offering strong returns and future growth potential.

🏡 Property Highlights

  • Four well-maintained brick units offering multiple income streams
  • Strategically located just moments from Naracoorte town centre
  • Currently generating a strong rental income of $940 per week
  • All units securely leased until at least May 2027, ensuring tenancy security
  • Potential for future income growth and flexible ownership strategies
  • Constructed circa 2000 with excellent condition throughout

✨ Key Features

  • Built in robes
  • Split system heating and cooling
  • Electric appliances
  • Laundry with outside access
  • Undercover car parking space
  • Compact backyard
  • Two bedrooms per unit
  • Central bathroom with separate toilet
  • Spacious living area
  • Secure lease agreements

Naracoorte is a vibrant regional centre in South Australia, renowned for its strong community, excellent amenities, and strategic location. The suburb offers a diverse lifestyle with access to local shops, schools, and recreational facilities. Its growth prospects make it an attractive choice for investors seeking stable returns. The area benefits from good transport links and a welcoming atmosphere, making it ideal for both tenants and owners alike.

What is the current rental income and lease terms?
The property currently generates a total rental income of $940 per week, with all four units securely leased on fixed tenancy agreements extending until at least May 2027.
Are there any future development or zoning restrictions?
The property is zoned as Neighbourhood, which generally allows for residential use, but prospective buyers should verify with local council for any specific development restrictions or future planning considerations.
What are the maintenance and condition of the units?
All four units are presented in excellent condition, with well-maintained brick construction and functional features, ensuring minimal immediate maintenance requirements.
Is there scope to increase income or modify the property?
Yes, the flexible ownership structure across two titles offers potential for future divestment or development, and there may be opportunities to enhance income through upgrades or additional improvements, subject to council approval.
What are the ongoing costs associated with the property?
Annual council rates are approximately $4,865.85. Other costs include maintenance, insurance, and management fees if applicable.
Are there any existing easements, covenants, or zoning restrictions that could affect future development or modifications? Have the units been inspected recently for structural issues or required repairs? Are there any planned or upcoming council developments or infrastructure projects in the area that could impact the property? What are the terms of the current lease agreements, and are there any conditions that could change the rental income? Are there any strata or body corporate fees or regulations applicable to this property?

1-4/206 Smith Street, Naracoorte, SA 5271 - More Details

EXPRESSIONS OF INTEREST

Secure a substantial income-producing asset in the heart of Naracoorte with this outstanding investment opportunity comprising four well-maintained brick units.

Strategically positioned just moments from the town centre and constructed circa 2000, the complex is situated across two separate titles, with two units on each title. This unique arrangement provides valuable flexibility for future ownership strategies, including the potential to divest part of the holding if desired.

Currently generating a combined rental income of $940 per week, the property offers an attractive return from day one, with further scope to enhance income over time. Providing additional peace of mind for investors, all four units are securely leased on fixed tenancy agreements extending until at least May 2027.

Each unit features:

- Two generous bedrooms.
- Central bathroom with separate toilet.
- Spacious living area.
- Split system heating and cooling.
- Functional kitchen with electric appliances.
- Laundry with outside access.
- Undercover car parking space.
- Compact back yard.

Presented in excellent condition throughout, this is a rare opportunity to acquire a quality residential investment with multiple income streams, strong tenancy security, and future flexibility.

Whether you're looking to expand an existing portfolio or secure a high-performing standalone investment, this well-located complex delivers consistent returns in one of the Limestone Coast's most vibrant regional centres.

Private inspections are by appointment only and can be booked with Lee on 0427 620 864, or [email protected].






Council: Naracoorte Lucindale




CT: 5687/529, 5687/570




Land Size: 1,800m2 approx




Rental return: $940 per week total




Council rates: $4,865.85 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
Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
4
Area
1,800 m²

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