Internal Ref: 8540143
Summary
An Outstanding Investment Opportunity Delivering Approx. $380,000 Gross Annual IncomeOpportunities of this caliber are exceptionally rare. Positioned on a substantial 965m R3 Medium Density...
Location Details
42-44 Denison Street
About the Business
An Outstanding Investment Opportunity Delivering Approx. $380,000 Gross Annual Income
Opportunities of this caliber are exceptionally rare. Positioned on a substantial 965m² R3 Medium Density Residential landholding, this fully operational accommodation asset delivers impressive returns, diversified income and outstanding future potential.
Producing an approximate gross annual income of $380,000 and an impressive net return of approximately $235,000 (2024/2025 Financial Year), this is a genuine set-and-forget investment with strong occupancy history and significant long-term upside.
Located in a high-demand precinct, the property offers investors immediate cash flow while also benefiting from valuable medium-density zoning, providing flexibility for future redevelopment or value-add opportunities (STCA).
Investment Highlights:
Approx. $380,000 gross annual income
Approx. $235,000 net return (2024/2025 FY)
Strong cash flow with consistent occupancy
Low-maintenance investment
High-demand location
Excellent long-term capital growth potential
Property Features:
R3 Medium Density Residential zoning
Approx. 965m² total landholding
13 bedrooms x 7 bathrooms
Two separate titles: 1//DP781130 & 5//DP745393
Extensive Inclusions:
Solar power system, Swimming pool, Commercial-grade kitchen, Commercial refrigeration, Coin-operated, laundry, Computer management systems, CCTV security system, Electronic gated entry, Remote-controlled air conditioning, Ducted air conditioning, Split-system air conditioning, Ceiling fans throughout, Pool table, Televisions, Lounges, Bedding & linen, BBQ, all furnishings required for ongoing operation.
Outgoings (Approx.)
Council Rates: $2,500 per quarter per title
Water: $1,500 per quarter per title
Power: $1,600 per quarter per title
Whether you're expanding an existing portfolio or securing a high-performing commercial-style investment with residential zoning flexibility, this exceptional asset offers immediate income, strong fundamentals and future development potential.
Disclaimer: Whilst all information provided in the advertising of the property is to the best of our knowledge, we encourage all interested parties to conduct their own research before making any formal decisions.
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