Seize a rare investment opportunity at 22 Waranga Avenue, Mount Austin, where historical charm meets modern, high-yield functionality. Established in 1890, the Mount Austin Homestead held singular importance as the only structure on its expansive estate, then part of a working dairy farm. This historical significance was formally recognised when the property was subdivided in 1948, leading to the entire suburb being named in its honor: Mount Austin.
Comprising four separate residences, this unique offering provides exceptional flexibility. The property features the spacious and versatile Mount Austin Homestead, alongside two newer, fully self-contained two-bedroom units. This configuration allows for adaptable living arrangements: it can operate as four independent, self-contained units, each designed for privacy and autonomy, or the two Homestead units can be effortlessly combined to create a single, expansive five-bedroom home, ideal for integrated living or increased on-site support.
Recently updated and currently secured by a long-standing tenant (in place for four years), this property presents a proven, high-performing investment. Enjoy strong rental yields and the option of a long-term leaseback, offering a genuine "set-and-forget" opportunity in a thriving regional market. For the astute buyer, this is an investment poised to deliver solid returns and a strategic foothold in a resilient sector.
KEY PROPERTY FEATURES:
FLEXIBLE ACCOMMODATION:
● Four independent residences
● Mount Austin Homestead: Offering a spacious and adaptable layout.
● Two self-contained 2-bedroom units: Secure and private.
● Seamless transformation: Ability to combine Homestead units into a large 5-bedroom home, catering to varied rental models and needs.
LIVING & KITCHEN AREAS:
● Combined lounge/dining areas in units for comfortable living.
● Spacious wide hallways and high ceilings contribute to an open feel.
● Two traditional kitchens in the Homestead, complementing the property's character.
● Two well laid out kitchens in the self-contained units for modern convenience.
BEDROOMS & BATHROOMS:
● A total of nine bedrooms across the four residences.
● Homestead: Two bathrooms with showers and two separate toilets.
● Self-contained units: Each features a bathroom with a shower and toilet.
CLIMATE CONTROL:
● New split system air conditioning installed throughout all four units ensures year-round comfort.
● Ceiling fans for enhanced air circulation.
STORAGE & VEHICLE ACCOMMODATION:
● Generous four-car carport provides immediate, protected access.
● An extraordinary, multi-purpose outdoor expanse is capable of securely hosting four+ additional vehicles, ensuring ample parking for residents, and visitors.
LAND SIZE: 1486 m2
LAND RATES: $5,383 pa
*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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