13-15 Brougham Street, Grafton, NSW 2460 - More Details
Expression of Interest
For investors looking to acquire at scale, 13–15 Brougham Street presents an opportunity that goes well beyond the traditional residential investment.
Comprising four substantial four-bedroom units, the property is being offered with genuine purchasing flexibility - secure two units for $900,000 or acquire the entire four-unit holding for $1,800,000.
With all four dwellings leased and scheduled rental increases bringing the combined income to approximately $1,890 per week, the complete holding will generate approximately $98,280 in gross rental income per annum. At the $1.8 million asking price, this represents an approximate gross yield of 5.46%.
The individual rental returns following the scheduled increases are approximately $470, $480, $470 and $470 per week, providing four separate income streams within the one investment.
Each residence offers four-bedroom accommodation, giving the properties strong versatility and distinguishing them from the smaller two-bedroom units commonly found in multi-dwelling investments.
Importantly, the existing rental return is only one part of the opportunity.
There is also potential, subject to the necessary approvals and completion of a strata subdivision, for the residences to ultimately be separately titled. For an investor acquiring the entire holding, this could create a valuable longer-term exit strategy - retain all four, potentially strata and hold them individually, or consider selling the residences separately in the future.
Current holding costs include council rates of approximately $720 per quarter, per unit, with insurance approximately $3,300 per annum across the property.
For investors, the proposition is straightforward: existing income, multiple tenancies, scale from day one and potential flexibility for the future.
Investment Highlights
4 x four-bedroom units
Combined rent approximately $1,890 per week following scheduled increases
Approximately $98,280 gross rental income per annum
Approx. 5.46% gross yield at $1,800,000
Rates approximately $720 per quarter, per unit
Insurance approximately $3,300 per annum
Purchase two units for $900,000
Purchase all four for $1,800,000
Potential future individual titling and sale, subject to strata subdivision and relevant approvals
Whether you're looking to add two substantial properties to an existing portfolio or secure the entire four-unit holding, 13–15 Brougham Street offers the combination investors continually look for - immediate income with options for the future.
- Type
- Block Of Units
- Bedrooms
- 16
- Bathrooms
- 8
- Parkings
- 4
- Area
- 1,508 m²
