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Overview
2 Sale Street, OrangeGuiding NSW 2800
This exceptional offering presents a rare opportunity to acquire a tightly held 14-unit residential complex located in a desirable area. The property delivers immediate income with significant potential for rental growth and long-term capital security, making it an attractive investment prospect.
The complex features a well-balanced mix of one, two, and three-bedroom residences, including brand new three-bedroom townhouses. This diverse range of unit sizes appeals to a broad tenant demographic, supporting consistent demand and occupancy.
At full market rent, the property is projected to generate a weekly income of approximately $7,030, which equates to an annual income of around $365,560. After accounting for estimated annual outgoings of $40,000, the net income is approximately $325,560 per annum. This reflects a net return of about 5.4%, subject to the acquisition price.
Several units within the complex are currently under-rented or vacant, offering an immediate opportunity for income uplift through lease-up and rent optimisation strategies. Recent lease renewals provide a blend of income security and flexibility for the new owner.
The inclusion of brand new three-bedroom townhouses enhances the investment appeal by offering strong rental demand and potential future depreciation benefits. Meanwhile, the existing units provide stable and proven performance, contributing to the overall resilience of the asset.
This property represents a standout acquisition for investors seeking scale, diversification, and growth potential within a single asset. It is suitable for those looking for a long-term income play or those aiming to reposition the asset to maximise returns.
Investment Highlights:
- 14 residential dwellings
- Mix of 1, 2, and 3-bedroom units
- Brand new 3-bedroom townhouses
- Projected weekly rent of $7,030
- Projected annual rent of $365,560
- Estimated outgoings of $40,000 per annum
- No land tax applicable
Net income is approximately $325,560 per annum, providing a solid return on investment. This complex offers a unique combination of immediate income and future growth potential, making it an excellent choice for investors seeking a diversified residential portfolio.
Disclaimer: All information provided is for general information and educational purposes only. It does not constitute professional advice and should not be relied upon as such.
Change History
| Headline | When |
|---|---|
| $5,950,000 | |
| Guiding $5,950,000 |
Location
Orange NSW 2800
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