Investor Opportunity – With Immediate Rental Income

Positioned on the upper level of the highly sought-after Elouera Street complex, this well-presented two-bedroom unit offers an excellent opportunity for investors seeking a low-maintenance property with quality tenants already in place.

Offering approximately 64m² of living space, the unit features two spacious bedrooms, both with built-in robes, a modern kitchen and an open-plan living and dining area. The near new flooring and reverse-cycle heating and cooling provide year-round comfort, while the combined bathroom and laundry and private balcony complete the practical layout.

The property is currently leased at $420 per week until 3 February 2027. The tenants are keen to extend their lease, providing an attractive opportunity for an investor seeking continuity and minimal vacancy.

Investment Snapshot:
Offers: Around $420,000
Current rent: $420 per week
Lease expiry: 3 February 2027
Current market rent: approximately $420 per week
Council rates: approximately $1,100 p.a.
Fixed water: approximately $880 p.a.
Body corporate: approximately $1,840 p.a.,
Living area: Aapproximately 64m²
Year built: 1981
Development Zone: General Residential 10.0

Property Features:
Two bedrooms with built-in robes
Modern kitchen
Open-plan living and dining
Near new flooring
Reverse-cycle heating and cooling
Combined bathroom and laundry
Private balcony
Upper-level position
Low-maintenance

With a proven rental return, tenants in place and the potential for an ongoing tenancy, 29/23–27 Elouera Street represents a compelling investment opportunity for those looking to secure a well-positioned, easy-care property.

*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
** Peter Lees Real Estate complies with all applicable requirements under the AML/CTF legislation.
***Boundary lines are indicative only.
*Please note: *Some images feature virtual furnishing to help visualise the space.