Listing #LR6289 712 Views
Four Homes, Three Titles, 2,630sqm Corner Site
3 Bed
1 Bath
1 Living
2630 m² Land
2 & 4 Takahe Street & 54 Massey Street, Frankton
By Neg
A rare CBD fringe opportunity exists here, offering a unique and strategic opportunity to secure four homes across three titles, sitting on a combined landholding of 2,630sqm (approx.), all being sold together.
This prime corner site offers the ideal blend of holding income, future development potential, and value-add opportunity. With three homes currently rented and one previously returning $26,000 p.a., there's room to increase yield while planning for the future.
2 Takahe Street & 56 Massey Street (1 Title - 807sqm) • Two modern 3-bedroom homes • White kitchens, modern bathrooms, stainless appliances, heat pumps, neutral decor • 2 Takahe Street:- returning $28,600 p.a. • 56 Massey Street:- returning $31,395 p.a.
54 Massey Street (918sqm) • Two-bedroom + sunroom and modern bathroom • Large double garage + workshop + carport & two garden sheds • Three heat pumps, potential to add value -returning $28,600 p.a.
4 Takahe Street (905sqm) • Previously rented at $26,000 p.a. • Three bedrooms, recently painted with modern carpet • Kitchen and bathroom, potential to update. • Separate toilet, heat pump • Generous backyard ideal for an auxiliary dwelling (subject to council approval)
Current total return: approx. $88,595 p.a. (Approx $114,595 p.a, when all rented) Total land area: 2,630sqm (more or less) To be sold together - one purchaser, three titles
Landbank now, add auxiliary dwellings for more income, update and improve returns in potential rent or sale. With location, land size, and rental income, this is a smart strategic move.
Close to the CBD, public transport, schools, and local amenities. High-growth area with long-term development appeal. Contact us today for the info pack and property details. This is an investment that delivers now - and sets you up for what's next.
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