Wurley

2127sqm Block with 2 two bedroom units and 11 One-Bedroom Units + Development Potential, Property Highlights:, 2041sqm block on one title, 13 well-maintained, fully tenanted units, Private car parking for all units, Impressive rental income of approx. $200,000 per year, Zoned for potential large-scale apartment development (STCA), , This is a rare opportunity to secure a high-yielding investment property with strong rental returns, offering immediate cash flow and significant development potential. Situated on a substantial 2041sqm parcel, the property features 13 individual one-bedroom units, each complete with its own parking space, making it a desirable option for tenants and investors alike., , The property currently generates an annual rental income of approximately $200,000, thanks to existing long-term tenants. However, based on today's rental market, the potential rental income is estimated to be around $300,000 per year. This asset offers a stable return, with an approximate gross return on investment of 6.5% (potentially), but its true value lies in the potential to develop a large apartment complex (Subject to Council Approval)., , Perfect for astute developers or investors looking for a property that combines current income with future growth potential., , Don't miss this exceptional opportunity!, , Photographs may incorporate virtual furniture staging. All structures depicted remain unaltered.