UPDATE: Rear home CCC has been granted - NOW READY TO SELL!

An outstanding opportunity to secure two homes on one freehold title, delivering immediate rental income with further upside for savvy investors.

The front dwelling is a fixed-term tenancy at $600 per week, providing secure, reliable income. The rear dwelling is currently returning $540 per week on a periodic tenancy, with a recent rental appraisal indicating a market rent of $570–$600 per week, presenting an opportunity to enhance returns over time.

The rear home has been relocated onto the site, with the Code Compliance Certificate (CCC) now granted.

Investment Highlights

* Two homes on one freehold title.

* Current rental income: $1,140 per week ($59,280 per annum).

* Rental upside: Appraised to achieve up to $1,200 per week ($62,400 per annum).

* Front home secured on a fixed-term tenancy.

* Rear home on a periodic tenancy, offering flexibility for future rent reviews.

* Relocated rear dwelling with CCC newly granted, providing confidence in the completion of the project.

* Immediate cash flow from day one with future rental and capital value potential.

Properties offering two income streams on a single title are increasingly difficult to find. Whether you’re looking to strengthen your investment portfolio, maximise cash flow, or secure a property with built-in rental growth potential, 116 Richard Street presents an exceptional opportunity with immediate returns and long-term upside.

Contact Sharnika to arrange your viewing.