1-3/24 & 4-5/26 Francis Street
Traralgon, VIC 3844

Positioned within walking distance to Traralgon's CBD and railway station, 24-26 Francis Street offers a rare opportunity to acquire a fully tenanted multi-unit property spanning approximately 1,231 square meters across two titles.

The property comprises five units in total, including four two-bedroom units and one one-bedroom unit. Each unit is self-contained with its own bathroom, laundry facilities, and off-street parking or carport space, providing a diverse range of accommodation options within the complex.

Currently, the property generates rental income from the following leases:

• Unit 1: $190 per week (leased until 14/06/2027)
• Unit 2: $240 per week (leased until 12/08/2026)
• Unit 3: $280 per week (leased until 10/05/2027)
• Unit 4: $280 per week (leased until 15/12/2026)
• Unit 5: $280 per week (leased until 26/11/2026)

The property is set on a substantial allotment with an approximate frontage of 34.9 meters, providing immediate holding income and future potential for renovation, improvement, and value addition, subject to council approval (STCA).

This opportunity is ideally suited for experienced investors, renovators, or developers seeking a project with long-term growth potential. Properties of this scale and proximity to the Traralgon CBD, train station, shops, schools, and everyday amenities are increasingly rare in the market.

Key Features:

• Approximately 1,231 square meters of land across two titles
• Five fully tenanted rental units
• Four two-bedroom units and one one-bedroom unit
• Existing leases in place until 2026-2027
• Approximately 34.9 meters frontage
• Individual bathrooms and laundries for each unit
• Off-street parking and carport spaces available
• Generous shared and private yard areas
• Walking distance to the CBD and railway station
• Value-add renovation opportunity
• Potential future redevelopment opportunity, subject to council approval (STCA)