12 Mingelo Street

Peak Hill NSW 2869

Importantly, the property also benefits from a substantial amount of additional land, providing investors with the opportunity to investigate further development, additional accommodation or redevelopment of the site in the future, subject to Council approval and all relevant planning requirements.

INVESTMENT HIGHLIGHTS
Four self-contained residential units
Three x two-bedroom units
One x one-bedroom unit
All four units currently leased
Current combined rental income of $1,250 per week
Approximately $65,000 gross rental income per annum
Four separate rental income streams
Fully renovated internally and externally
Upgraded plumbing and electrical systems
Split-system air conditioners
Two units upstairs and two units downstairs
Low-maintenance investment configuration
Substantial additional land
Potential to investigate further development or additional dwellings, subject to Council approval
Council rates approximately $3,915 per annum

CURRENT RENTAL INCOME

Unit 1 - $330 per week | Lease expires 23 November 2026
Unit 2 - $330 per week | Lease expires 27 April 2027
Unit 3 - $330 per week | Lease expires 10 October 2026
Unit 4 - $260 per week | Lease expires 3 February 2027

Total Current Rent - $1,250 per week
Approximate Gross Annual Income - $65,000

With four separate tenancies already in place, the property offers investors the benefit of diversified rental income rather than relying on the performance of a single dwelling.

INCOME NOW - POTENTIAL FOR THE FUTURE

What makes this opportunity particularly appealing is the combination of an established income-producing asset and the amount of land that remains available around the existing improvements.

The four renovated units provide an immediate income stream, while the additional land gives purchasers the opportunity to investigate whether further value can be unlocked through additional dwellings, development or redevelopment in the future.

For an investor, this creates the potential to acquire a property that is already generating approximately $65,000 in gross annual rental income while retaining options for the longer term.

With the major renovation works, plumbing and electrical upgrades already completed, the property also offers the benefit of a more modern, lower-maintenance investment compared with many older multi-unit complexes.

FOUR UNITS. FOUR INCOME STREAMS. ONE INVESTMENT.

Opportunities to acquire an entire block of renovated units with all residences leased and additional land are increasingly difficult to find.

Whether you're expanding an established portfolio, looking for a multi-income investment or seeking a property with both immediate returns and longer-term potential, this is an opportunity well worth consideration.

Enquire today for further information or to arrange a private inspection.

Disclaimer: All information contained in this advertisement has been provided by the vendor and/or obtained from sources believed to be reliable. Platinum Property Group - Dubbo has not independently verified all information and does not warrant its accuracy or completeness. Any references to land size, rental income, outgoings, development potential, additional dwellings, subdivision, redevelopment or future use are indicative only and should not be relied upon as representations of fact. Any proposed development or change of use is subject to zoning, planning controls, site constraints, servicing requirements and approval by Dubbo Regional Council and/or other relevant authorities. Prospective purchasers must make their own enquiries, conduct their own due diligence and obtain independent legal, financial, planning and other professional advice before making any decision to purchase. Rental amounts and returns are current or estimated at the time of advertising and are not guaranteed.