9a Gipps Street
Tamworth, NSW 2340

This property is a block of four Torrens Title units located in prime central West Tamworth, offering a substantial investment opportunity with no strata fees. The land parcel measures approximately 632 square meters, providing a solid foundation for the units built around 1964 with double brick construction, ensuring durability and low maintenance.

Currently, the property is generating a gross rental income of $61,740 per annum, with all units leased and demonstrating a strong rental history. This makes it an ideal acquisition for investors seeking steady returns in a central location close to major shopping centers, the vibrant CBD, public transport, entertainment venues, and sporting facilities.

Each unit features two bedrooms, all equipped with built-in robes, and a combined laundry, bathroom, and toilet area, designed for efficient use of space. The units have open plan living areas that extend to a front patio offering views towards the city, enhancing the living experience.

The kitchens are fitted with upgraded electric cooking appliances, and each unit is equipped with wall-mounted reverse cycle split system air conditioning units, providing comfort throughout the year. There are no off-street parking facilities such as carports or garages; however, ample on-street parking is available for residents and visitors.

The floor plans of the units are mirror reverse layouts, providing a consistent and functional design across the block. The property is well-maintained and in very good original condition, reflecting the care taken by the current owners and tenants.

Rental details for each unit are as follows:

• Unit 1 is leased at $1,238.39 per month until November 2027, with a rental review required at the end of the lease period.
• Unit 2 is leased at $330 per week until April 2027, with a rental review required at the end of the lease period.
• Unit 3 is leased at $1,238.39 per month until November 2027, with a rental review required at the end of the lease period.
• Unit 4 is leased at $1,238.39 per month until November 2027, with a rental review required at the end of the lease period.

Council rates for the property are approximately $8,700 per year, with water rates paid on a user-pay basis through a single water council meter connected to the property.

Pre-sale building and pest reports are available to assist prospective buyers in making an informed decision. The property has been digitally enhanced to remove tenants' personal belongings from images, providing a clear view of the units.

This investment offers a rare opportunity to acquire a well-located, fully leased block of units with strong rental returns and potential for long-term capital growth in the Tamworth market.