Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Located at 1-5/93 Mount Hall Road, Raymond Terrace, this unique investment opportunity comprises a tightly held complex of five spacious two-bedroom brick units. Each unit is thoughtfully designed with practical layouts that cater well to tenants seeking comfort and convenience. The property's well-maintained condition, including modern upgrades in units 2, 3, and 4, enhances tenant appeal and supports strong rental returns.
This block of units offers a varied income stream, currently returning approximately $1,780 per week, with potential rental income projected at about $2,500 per week at full market potential. Each residence includes amenities such as air-conditioned and carpeted open-plan living and dining areas, neat kitchens with ample storage, main bathrooms, built-in wardrobes in two well-sized bedrooms, an internal laundry with external access, and a single lock-up garage providing secure parking.
The sizeable land area of 1375 square meters allows for multiple dwellings on one title, offering both immediate rental income and potential future redevelopment through strata titling, subject to necessary approvals. This flexibility makes the property attractive to investors looking to diversify their portfolio, developers seeking to explore further development options, or savvy buyers interested in a steady income-producing asset with upside potential.
- Five two-bedroom brick units with quality tenants in place
- Current combined rent approximately $1,780 per week; potential to increase to around $2,500 per week
- Modern upgrades in Units 2, 3, and 4
- Secure lock-up garages and internal laundries in each unit
- Close proximity to schools, shops, and transport
- Affordable ongoing council and water rates contribute to the investment's appeal
Overall, this property represents a rare chance to acquire an income-producing multi-unit block in a sought-after location with strong rental fundamentals and multiple options for future growth. The combination of immediate rental income and the potential for strata subdivision makes it a compelling proposition for investors and developers alike.
Local Market Insights
In Mid North Coast, Quiet Listings observed 3 new block of unitss entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $2,413,333. The property type mix of listed properties is predominantly Houses at 65%, followed by land (13%), and villas (6%). Ray White was the most active agency in this area, representing 13.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Raymond Terrace NSW 2324
Market Insights for Raymond Terrace NSW 2324
Other properties in this postcode
