Calling all investors - Multiple dwellings & tenancies fully occupied.

Introducing this substantial Residential Complex comprising six rented premises which will make a great addition to any property portfolio.

Set on an elevated flood free property of 2317m2 (1/2 acre) in a quiet street with close proximity to schools and the Murwillumbah Golf Course/Restaurant and just 3.5km from the Murwillumbah CBD.
Each Villa is well presented inside and have had various upgrades and modifications whilst the externals of each are of ageless brick and tiled roof construction making these a low maintenance investment and built to high standards.

The portfolio consists of:
Villas 1&2 - 2 x stand alone villas - each with 2 bdrms, 1 bathroom, 1 garage, internal laundry, with a covered front balconies. Both have identical floor plans.
Villas 3&4 - 1 x Duplex pair each with 2 bdrms, 1 bathroom, internal laundry, 1 garage and covered front balcony.
Villas 5 - 1 spacious house - 2 bedroom, 2 bathrooms, 4 car garage, with a front covered balcony and also a rear covered deck.
Villa 6 - 1 x apartment attached to house - 1 bdrm, 1 bathroom. 1 off street car space with a front covered balcony.

The property currently returns a gross income of approximately $149,760 per annum (estimated 5.44% return on gross income based on guide price and due to increase, figures are available on request).
All the tenancies are currently leased with fixed leases with end dates ranging from to March and December of 2025 Important news: The access road to the Villas which forms part of an easement has just been completely upgraded with a new concrete driveway which has vastly improved the access and at the same time eliminating any maintenance for many years to come. Nearby is a residential development consisting of only a limited number of larger residential blocks. These types of development tend to lift the surrounding areas both in terms of desirability and average property prices so the future looks secure for this area.

With four completely separate structures there would be a high possibility to also strata or subdivide (subject to council approvals) this would open up a number of options to the savvy investor.

If you would like to book an inspection or request more information on this fantastic investment opportunity please do not hesitate to contact Craig at Ray White Murwillumbah.

Distances from 19 Warana Ave to:
Murwillumbah Post office 3.7km
Sunnyside shopping centre 3.7km
Mt St Patrick College 3.6km
Wollumbin High School 1.5km
Tweed Valley Adventist College 1.1km
Bray Park General Store 1.2km
Murwillumbah Golf Course/Restaurant 850m
Gold Coast Airport 36.2km

Disclaimer: All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to our office by third parties. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.

Explore the area

School catchments

Tweed Valley Adventist College Combined K-12 Independent 0.85km
Wollumbin High School Secondary 7-12 Government 1.0km
Murwillumbah High School Secondary 7-12 Government 1.7km
Murwillumbah Public School Primary K-6 Government 2.0km
Sathya Sai College Primary K-12 Independent 2.2km
Mount St Patrick College Secondary 7-12 Catholic 2.5km
Mount St Patrick Primary School Primary K-6 Catholic 2.5km
The Small School Combined K-10 Independent 2.5km
St Joseph's Primary School Primary K-6 Catholic 2.7km
Murwillumbah East Public School Primary K-6 Government 3.7km
Bhaktivedanta Swami Gurukula School Combined K-12 Independent 5.4km
Dungay Public School Primary K-6 Government 5.4km
Crystal Creek Public School Primary K-6 Government 5.4km
Sathya Sai College Secondary Campus, Dungay Secondary Independent 5.4km
Condong Public School Primary K-6 Government 6.8km
Stokers Siding Public School Primary K-6 Government 7.0km
Uki Public School Primary K-6 Government 9.4km
Chillingham Public School Primary K-6 Government 10.0km
Tumbulgum Public School Primary K-6 Government 11.3km
Aetaomah School Combined K-7 Independent 16.9km
Lindisfarne Anglican Grammar School Combined K-12 Independent 17.4km
Banora Point High School Secondary 7-12 Government 20.2km
Kingscliff High School Secondary 7-12 Government 20.9km
Pacific Coast Christian School Combined K-12 Independent 21.4km
St Joseph's College Secondary 7-12 Catholic 21.4km
Pacific Online Christian School Secondary Independent 21.4km
Tweed River High School Secondary 7-12 Government 22.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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