Mittagong, New South Wales
Sought After Investment - 859MI
INVESTMENT $4,900,000
Business Description
- One hour from Sydney
- Supurb Southern Highlands location
- Low maintenance Double Brick building
- 24 x 4 star units
- Strong tenancy
- 23 years left on the Lease
- 3% Annual Minimum Rent increases
- Contact us now for further detail.
Rent: Current $248,152 - Minimum 3% increase in July 2025 to $255,596
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 859MI (quote when enquiring)
Property Code: 5131
Business Summary
Key Investment Insights
1. Prime location in the highly sought after Southern Highlands region, only one hour from Sydney.
2. Low maintenance building made of double brick, reducing ongoing maintenance costs.
3. 24 well-maintained 4-star units, providing a strong and consistent income stream.
4. Strong tenancy with 23 years remaining on the lease, providing stability for potential investors.
5. Annual minimum rent increases of 3%, ensuring a steady growth in rental income.
6. Opportunity to further increase rental income in July 2025 when rent is set to increase to $255,596.
7. Contact the agent for further details and to arrange an inspection of the property.
8. Current rental income of $248,152, with potential for further growth in the future.
9. Property ID: 859MI, use this code when enquiring about the property.
10. Property Code: 5131.
