358 Amatex Street, East Albury, NSW 2640 - More Details
Auction Saturday 13th June at 12noon
Positioned in a quiet, elevated pocket of tightly held East Albury, this is a rare opportunity to secure a substantial multi-income holding offering scale, flexibility and long-term upside in a blue-chip location, appealing to a broad range of buyers including private investors, SMSF or superannuation-backed purchasers.
Comprising one apartment building containing two units and, separately, a freestanding dwelling with internal access to a garage, the asset is fully tenanted and currently returning a combined $1,360 per week. Unit 1 is leased at $390 per week, Unit 2 at $430 per week, and the separately titled rear freestanding townhouse achieves $540 per week, reflecting strong tenant demand across all dwellings.
The apartment building (front title) incorporates two double-storey units, each offering three bedrooms, a central bathroom, and practical kitchen, dining and living zones, along with single carport accommodation. These well-maintained residences provide consistent rental performance and low-maintenance appeal, supporting their ongoing suitability as reliable income-producing assets.
Privately positioned to the rear on its own separate title, the modern freestanding townhouse offers a more contemporary layout, featuring three bedrooms, a spacious open-plan kitchen, meals and family area, separate living room, and a single lock-up garage with internal access. Its design, privacy, and positioning underpin its superior rental return.
Current tenancy details further support the strength and management of the asset: Unit 1 was last increased on 29/08/2025 (next eligible increase from 29/08/2026), Unit 2 is scheduled to increase from $1,716.37 to $1,781.55 per calendar month from 23/05/2026, and Unit 3 was last increased on 26/02/2026 (next eligible increase from 2027).
The property presents multiple ownership and income strategies, including holding as a diversified multi-income asset, occupying one residence while continuing to generate income from the remaining dwellings, or leveraging the dual-title configuration for future flexibility and exit options.
Ideally located within walking distance to Albury Train Station, Dean Street, the CBD, and the popular Schubach Street Deli, the property enjoys exceptional convenience, ensuring consistent tenant demand and strong long-term occupancy.
A rare and versatile offering in one of East Albury’s most sought-after pockets, combining multiple income streams and structural clarity.
- Type
- Block Of Units
- Bedrooms
- 11
- Bathrooms
- 4
- Parkings
- 3
- Area
- 836 m²
