These well-maintained units present an ideal balance of functionality and investment potential. Each one is clean, tidy, and purposefully designed for low-maintenance living - freeing up your time while delivering reliable, long-term returns. Currently generating a combined rental income of $810 per week, the property is under-rented, with Flat 3 currently vacant and being advertised for lease. This presents an immediate opportunity to increase yield with minimal input. Rental Assessment available upon request.

Set back from the street up a private driveway, the property offers off-street parking for tenants and is elevated to take in sweeping harbour views - an attractive feature for prospective renters. Each unit is approximately 50m2 (+/-) in size, fully compliant with Healthy Homes standards, and well positioned in a sought-after location where rental demand remains strong and market rents are trending upwards.

Whether you're a seasoned investor or just getting started, this property is a rare combination of location, condition, and untapped potential. Opportunities like this in the city centre don't last long.

Web iD: DO12056
Approximate land area: 766m²
Approximate floor area: 190m²
Rateable value: $875,000
Rates (DCC): $9653.38
Rates (ORC): $562.15