4/51 Barrabool Road

Highton VIC 3216

Set within easy walking distance of Highton Village, cafs, local amenities, and the scenic Barwon River, this tightly held multi-unit complex presents an outstanding opportunity for investors, developers, and astute buyers alike.Occupying approximately 454sqm, the property comprises four self-contained units, each on its own title, delivering exceptional flexibility, immediate income, and long-term upside.The Property Three (3) one-bedroom unitso Two have been stylishly updated and are presented in excellent conditiono The third is neat and well-maintained, offering clear scope for renovation to further enhance rental returns One (1) two-bedroom unit positioned at the front of the propertyo Spacious living roomo Separate kitchen and bathroomo Access to a large, private outdoor areao Ready for an upgrade, with strong potential to significantly uplift yield Carport parking provided for all unitsInvestment Highlights Current return of approximately 4.5% Individually titled units offering flexibility for future sale or repositioning Strong value-add potential through renovation or redevelopment Possible long-term redevelopment into smart double-storey townhouses (STCA)Ideally suited to: Investors seeking reliable income with future growth Developers or tradespeople pursuing a strategic, long-term play Buyers looking for a multi-income investment in a premium, amenity-rich locationOpportunities combining this level of income, flexibility, and proximity to Highton's shopping strip, public amenities, and Barwon River walking tracks are increasingly rare.Inspection by private appointment only. Contact us today to explore the potential.