Secured in 2021 at a 5.5% yield, this asset has delivered exceptional performance, with rental income increasing by 40% and driving the property’s value from $3,115,000 to over $4 million. Beyond its strong income and capital uplift, the site offers compelling future upside, including the opportunity to subdivide into smaller units to further enhance yield and asset versatility. This acquisition demonstrates a long-term, value-led strategy leveraging both income growth and development potential to maximise returns.
