5 RIDDELL STREET, BINGARA
$450,000
Block of 4 Units - Immediate Rental Income & Long-Term Tenants
Positioned just 500m (approx.) from the town's CBD, this well-located block of four units is the ideal investment opportunity - fully tenanted with a strong rental return and approx. 7.3% gross yield.
Set on a generous 1,012m² allotment, this low-maintenance complex offers a solid income stream with long-term tenants in place, making it a true set-and-forget addition to your portfolio.
Property Features:
2 x 1-bedroom units - Each with own lounge, kitchen, and combined bathroom/laundry and reverse cycle air conditioning
2 x 2-bedroom units - Featuring open-plan kitchen, dining and lounge, with separate bathroom, laundry and reverse cycle air conditioning
4 undercover car spaces
Current rental return: $780 per week
Gross rental yield: Approx. 7.3%
All units currently tenanted with long-term leases
Walking distance to CBD, shops and schools
This is a rare opportunity to secure a quality investment property in a prime location with immediate cash flow and future potential.
Don't miss out - contact Rebecca today on 0477 050 047 for more information or to arrange a private inspection.
*Photos are of Unit 2 (one bedroom) and Unit 4 (two bedrooms)*

Rebecca Edwards
