32 Rodney Street, Quarry Hill, Vic 3550

$1,500,000 - $1,600,000

Block Of Units
Type
6
Bedrooms
4
Bathrooms
4
Parkings
1,006 m²
Area

Published on Tuesday, September 29, 2026 ( See property details for 32 Rodney Street, Quarry Hill, Vic 3550)

$1,500,000 - $1,600,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity comprising four fully tenanted units in a prime Quarry Hill location, offering diverse configurations and strong income potential.

🏡 Property Highlights

  • Four tenanted units offered together as a complete investment package
  • Established income stream with a combined rental return of approximately $76,440 per annum
  • Diverse unit configurations including 1 and 2-bedroom options with updated interiors
  • Prime location close to Bendigo CBD, train station, Marketplace, and local amenities
  • Separate outdoor areas and established grounds for each unit
  • Potential for future capital growth in tightly held Quarry Hill

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Garage
  • Security Screens / Gates
  • Split-system Heating and Cooling
  • Carport
  • Timber Flooring
  • Updated Kitchen
  • Established Grounds

Quarry Hill is a sought-after suburb known for its convenient access to Bendigo's CBD, vibrant local amenities, and established community atmosphere. It offers excellent transport links, proximity to health services, and a range of cafes and shops, making it ideal for investors and residents alike. The area combines character-filled streets with modern conveniences, ensuring a desirable lifestyle. Its tightly held nature provides stability and growth potential for property owners. With a mix of heritage and contemporary developments, Quarry Hill remains a prime location for both investment and living.

What is the current rental income and lease expiry dates for each unit?
Unit 1: $320/week, lease expiring 20 August 2026; Unit 2: $400/week, lease expiring 20 December 2026; Unit 3: $400/week, lease expiring 15 January 2027; Unit 4: $350/week, lease expiring 29 July 2026.
Are there any recent updates or renovations to the units?
Yes, several units feature updated kitchens, bathrooms, and modern finishes, providing a contemporary living environment.
What are the parking arrangements for each unit?
Each unit has a dedicated car space; Unit 4 also includes a carport for added convenience.
Is the property suitable for future development or subdivision?
The property comprises a block of four units on a 1,006 m² site, which may offer potential for future development or subdivision subject to council approval.
What amenities and services are nearby?
The property is close to Bendigo CBD, train station, Marketplace, Bendigo Health, and local cafes, providing excellent convenience and lifestyle options.
Are there any zoning restrictions or easements affecting the property? What are the council rates and any additional levies or fees? Are there any known issues with the property's structure, plumbing, or electrical systems? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any upcoming developments or planning proposals nearby that could impact the property’s value or living conditions?

32 Rodney Street, Quarry Hill, Vic 3550 - More Details

$1,500,000 - $1,600,000

A rare opportunity to secure four tenanted units offered together as one complete investment in tightly held Quarry Hill. Comprising a total of six bedrooms, four bathrooms and four car spaces, the property combines multiple income streams with a convenient position close to Bendigo's CBD, train station, Marketplace and everyday amenities.

**Please note this property is also known as 16-18 Echuca Street, Quarry Hill**

- Four individual units offered for sale together as one complete block.
- All four residences are currently tenanted, providing an established income stream from settlement.
- Combined current rental return of $1,470 per week, equating to approximately $76,440 per annum.
- A mix of original character and updated interiors provides diversity across the four residences.
- Established grounds and individual outdoor areas complement the accommodation.
- Convenient Quarry Hill position within easy reach of Bendigo CBD, Bendigo Train Station, Marketplace, Bendigo Health and local cafés.
- An opportunity suited to investors seeking multiple income streams within a single property holding.

Unit 1:
- One bedroom, one bathroom and one dedicated car space.
- Currently returning $320 per week, with the lease expiring 20 August 2026.
- Practical interior with tiled flooring through key areas.
- Kitchen provides extensive bench space, cabinetry and storage.
- Built-in storage adds everyday functionality.
- Bathroom includes a bath with shower, vanity and natural light.
- Positioned within the main brick building with established surrounds.

Unit 2:
- Two bedroom, one bathroom and one dedicated car space.
- Currently returning $400 per week, with the lease expiring 20 December 2026.
- Updated kitchen with built-in appliances, modern cabinetry and excellent storage.
- Open living and dining zone creates a practical central living space.
- Built-in robes provide convenient bedroom storage.
- Updated bathroom with walk-in shower, contemporary vanity and modern finishes.
- A well-presented residence with several key updates already completed.

Unit 3:
- Two bedroom, one bathroom and one dedicated car space.
- Currently returning $400 per week, with the lease expiring 15 January 2027.
- Updated kitchen featuring timber benchtops, tiled splashback and extensive cabinetry.
- Vinyl flooring provides a practical finish through the kitchen area.
- Open living zone provides comfortable everyday space.
- Built-in robes and additional built-in storage maximise functionality.
- Dedicated study nook provides a useful space for working or studying from home.
- Positioned separately at the rear of the property with its own outdoor area.

Unit 4:
- One bedroom, one bathroom and one dedicated car space.
- Currently returning $350 per week, with the lease expiring 29 July 2026.
- Timber flooring adds warmth and character through the main living and kitchen areas.
- Functional kitchen with extensive cabinetry, gas cooking and breakfast bar.
- Split-system heating and cooling provides year-round comfort.
- Carport provides convenient off-street vehicle accommodation.
- Positioned within the character-filled brick building and surrounded by established greenery.

Disclaimer:
All property measurements and information have been provided as honestly and accurately as possible by McKean McGregor Real Estate Pty Ltd. Some images may feature virtual staging, and some images may depict the surrounding area or local amenities and are provided for illustrative purposes only. Some information is relied upon from third parties. Title information and further property details can be obtained from the Vendor Statement. This content may have been generated with the assistance of artificial intelligence (AI). Any AI assisted content has been proofread but we acknowledge that it may contain errors. We advise you to carry out your own due diligence to confirm the accuracy of the information provided in this advertisement and obtain professional advice if necessary. McKean McGregor Real Estate Pty Ltd does not accept responsibility or liability for any inaccuracies.
Type
Block Of Units
Bedrooms
6
Bathrooms
4
Parkings
4
Area
1,006 m²

Price guide

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