Two Homes. One Title. $59,000+ p.a. Income!

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) currently pending issue. Once issued, the improvements will be fully recognised and are expected to be reflected in an updated capital value.

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 pending issue, 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.