2 Sale Street

Property Photos

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About this property

Offered to the market is a rare opportunity to secure a tightly held 14-unit residential complex, delivering immediate income with clear rental upside and long-term capital security. The complex comprises a well-balanced mix of one, two and three-bedroom residences, including brand new three-bedroom townhouses, appealing to a broad tenant demographic and underpinning consistent demand. At full market rent, the property generates a projected weekly income of approximately $7,030, translating to $365,560 per annum. With annual outgoings estimated at $40,000, the asset produces a net income of circa $325,560 per annum, reflecting a net return of approximately 5.4%, depending on acquisition price. Several units are currently under-rented or vacant, presenting an immediate opportunity for income uplift through lease-up and rent optimisation. Multiple leases have recently been renewed, providing a blend of income security and flexibility for the incoming owner. The inclusion of brand new three-bedroom townhouses further enhances the offering, delivering strong rental appeal and future depreciation benefits, while the existing units provide stable, proven performance. This is a standout acquisition for investors seeking scale, diversification, and growth potential in a single asset - whether held as a long-term income play or repositioned to maximise returns. Investment Snapshot - 14 residential dwellings - Mix of 1, 2 & 3-bedroom units - Brand new 3-bedroom townhouses - Projected weekly rent: $7,030 - Projected annual rent: $365,560 - Estimated outgoings: $40,000 p.a. - NO LAND TAX APPLICABLE Net income: - $325,560 p.a. DISCLAIMER All information (including but not limited to the property areas, floor size, price, address and general property description, opinions and/or articles) on the McGrath website is provided for general information and/or educative purposes only. The content does not constitute professional advice (be it of a legal, financial or taxation nature) and should not be relied upon as such.

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.