Description
These two 5-bedroom flats are positioned right in the heart of the university campus, just a couple minutes walk away from the central library and commerce building.
Securing quality tenants has never been an issue, and the rent has increased every year since 2018.
Set on a single title, the property returns a total of $1,990 per week and is leased until 29.12.2026.
Across the two flats there are:
• 10 bedrooms
• 4 bathrooms
• 2 separate living areas
• 2 kitchens
• A sunny, shared courtyard at the rear
There is consistently strong demand for 10+ bedroom flats around campus, yet very limited supply. This creates flexibility as while the property is currently configured as two 5-bedroom flats, there is the option to capitalize on that scarcity and pivot to a single tenancy agreement to one group of 10 across both dwellings.
For investors seeking reliable income, annual rent growth, and a location that will never go out of favour with prospective tenants, this is a interesting opportunity.
Link to 3D Tour - https://my.matterport.com/show/?m=69aSzGpapaw
