* Information Memorandum available on request.
A standout opportunity to secure a high-yielding strata-titled residential complex, delivering consistent income and long-term rental demand. Comprising of 13 individually titled studio apartments, this asset has been purpose-built to attract stable tenants and provide dependable returns. While the complex is structurally set up for each unit to be sold separately, this sale is being offered in one line only.
Offering an impressive 9.58% gross yield under full occupancy, an exceptional return for a modern, low-upkeep complex. The property is presently 92.3% occupied, with 12 of the 13 apartments tenanted, ensuring immediate and reliable cash flow.
With an indicative value of approximately $215,384 per apartment (including all furnishings and white goods), this property presents strong inherent value for a fully equipped, strata-titled asset.
The complex is strategically located, with highway visibility, in Boggabri, a region experiencing sustained accommodation demand driven by several major mining operations close by as well as a strong agricultural sector. These projects support a robust workforce of contractors and long-term employees, creating strong competition for quality, furnished rental apartments.
Apartment Features:
Each of the 13 apartments has been designed for comfort, low maintenance and strong tenant appeal, offering:
• Carpeted studio living and bedroom zone with split-system air conditioning and private courtyard.
• A modern tiled kitchen with electric oven, cooktop, rangehood, compact dishwasher, basin and microwave recess.
• A combined bathroom and laundry with tiled flooring, shower, toilet, vanity and laundry basin.
• Mirrored built-in wardrobes and quality furnishings suited to long-term occupancy.
• All furniture, cutlery, white goods, bedding and essential household items included, ensuring each apartment is fully equipped and immediately ready for occupation.
Modern in design, low in upkeep and strategically positioned to meet ongoing rental demand, 101 Wee Waa Street represents a secure and resilient income-producing asset rarely offered to the market.
For further details or to request the Information Memorandum, please contact the selling agent.
Eden Rozendaal
Phone: 0498 733 667
Email: [email protected]
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