1-7/905 Chenery Street Glenroy, NSW 2640

Presenting an outstanding opportunity to secure a block of seven units at 905 Chenery Street, Glenroy, offering investors a diversified residential investment with significant rental growth already scheduled across the portfolio.

Comprising five two-bedroom units and two one-bedroom units, the property offers a versatile mix of accommodation, with every unit enjoying its own private courtyard. The upstairs units also feature private balconies with scenic views, adding further appeal for tenants.

With rental increases scheduled across multiple units, investors can take advantage of the existing tenancy arrangements while benefiting from a projected combined annual rental income of $139,620 per annum once all specified rental increases take effect.

UNIT-BY-UNIT RENTAL BREAKDOWN:

• Unit 1 - Two Bedrooms
Current rent: $295 per week
Scheduled rent: $395 per week from May 2027
Lease: Periodic

• Unit 2 - Two Bedrooms
Current rent: $310 per week
Scheduled rent: $395 per week from April 2027
Lease expiry: 9 April 2028

• Unit 3 - Two Bedrooms
Current rent: $280 per week
Scheduled rent: $395 per week from May 2027
Lease expiry: August 2027

• Unit 4 - One Bedroom
Current rent: $250 per week
Scheduled rent: $355 per week from December 2026
Lease expiry: October 2027

• Unit 4A - One Bedroom
Current rent: $355 per week
Lease expiry: August 2027

• Unit 5 - Two Bedrooms
Current rent: $395 per week
Lease: Month-to-month
Potential to make it 1 bedder each to achieve more rent (STCA)

• Unit 6 - Two Bedrooms
Current rent: $300 per week
Scheduled rent: $395 per week from January 2027
Lease: Month-to-month
Potential to make it 1 bedder each to achieve more rent (STCA)

INVESTMENT HIGHLIGHTS

• Seven residential units on one title or holding (subject to title confirmation)
• Five two-bedroom units and two one-bedroom units
• Private courtyards for every unit
• Private upstairs balconies with scenic views
• Existing rental income with scheduled increases across multiple units
• A mix of fixed-term and periodic tenancies
• Attractive opportunity for investors seeking a multi-unit residential asset
• Potential to strengthen rental returns over time, subject to market conditions and tenancy arrangements
• Council rates: $2930.38 pa
• Water rates: $1028 pa

THE OPPORTUNITY

Offered at $2,200,000, this is an opportunity to acquire a substantial multi-unit investment with a projected annual rental return of $139,620, representing an indicative gross yield of approximately 6.35% at the asking price.

The gross annual rental income could potentially increase to $176,540 per annum by reconfiguring Units 5 and 6 into one-bedroom apartments, subject to council approval and the relevant regulatory requirements.

A compelling addition to any investment portfolio, combining multiple income streams, tenant appeal and future rental growth potential.

Enquire today to arrange an inspection and explore the potential of this seven-unit investment.

DISCLAIMER: All rental figures, proposed increases, lease details and projected returns are subject to verification. Rental increases are subject to applicable tenancy legislation and the relevant agreements. Gross yield is indicative and excludes expenses, vacancy, maintenance, management fees and other ownership costs.