Purpose built, fully tenanted, and secured ahead of the next academic year. This block of three flats sits in the heart of the student zone, on one of the most sought after streets for second year students, and it has the track record to prove it.



The block comprises 2x5 bedroom and 2 bathroom dwellings, together with a 1x4 bedroom and 1 & 1/2 bathroom flat. The combined rent is currently $2,800 per week, or $145,600 per annum, through to 31 December 2026, with fifty two week leases already in place for 2027 at $2,940 per week, lifting the income to $152,880 per annum. That is a $7,280 increase locked-in before the New Year begins, which illustrates how reliable and sought-after this investment opportunity is.



Built in the 1960’s from permanent materials, the block was extensively renovated in 2000 and has been superbly maintained since. Each flat has its own entry and an open plan kitchen and living area, with a heat pump and ceiling insulation. The bedrooms are all genuine doubles and are spread across two levels, giving tenants the space to live comfortably, which is a big part of why these flats are in hot demand each year.



Three off street car parks help form part of the low maintenance 569sqm section, so there is very little to manage beyond the tenancies themselves. For an investor after a true set and forget property, with secured income, a blue chip location, a proven rental history and plenty of future upside, this is a block that all astute buyers should give serious consideration to. Please get in touch to receive a copy of the information memorandum before the deadline for offers close on 27th November (prior unconditional offers considered).