8% Yield on The Terrace

Description

322A The Terrace

Exceptional Investment - $1,325,000

This property has not had a single unrented day in 10 years! This is a high demand area close to the city and university. The landlord can get a free car park as well.

This outstanding investment property offers 8 bedrooms and 3 bathrooms, generating a healthy $2,040 rent per week. At an annual rental income of $106,800, with an impressive 8% gross yield, this blue chip address is a rare find in the current market.

Already rented until February 2026, this is an easy investment. No renovations required and great cashflow coming in every week.

Key features:

  • 8 bedrooms providing ample space for tenants
  • 3 well-appointed bathrooms
  • Currently rented until February 2026
  • 1 off-street car park
  • Sunny and inviting sunroom
  • Proven rental history
  • High demand location
  • Rates $6,267.63pa

This property promises both immediate rental income and long-term capital growth. Don't miss out on this lucrative opportunity! Contact me today to arrange a viewing.

PROPERTY DETAILS
  • Bedrooms: 8
  • Bathrooms: 3
  • Car parking: 1
  • Floor area: 180m2
  • Land area: 282m2
  • Estate type: Freehold
  • Rental status: Rented at $2,040 per week to 14 Feb 2026
  • Rates: $6,267.63
LOCATION
  • $1,325,000
  • Gross yield: 8%
  • Annual rates: $6,267.63
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ABOUT THE AGENT

Peter Ambrose

Licensed Salesperson
REAA 2008