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)*

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Rebecca Edwards

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