Sold

1-6/13 Orange Street,
Parkes 2870, New South Wales

6 bedrooms
6 bathrooms
910m² land size
Unit

Price withheld


Property details

Investment Opportunity - Six Studio Units in One Package

An outstanding opportunity for investors, this property offers six hotel-style, self-contained studio units in a quiet East Parkes location. Positioned to provide consistent rental income, this complex is an excellent addition to any income-based investment portfolio.

Each unit features one bedroom, one bathroom and a kitchenette, providing comfortable, low-maintenance living for tenants. The complex also includes a shared laundry facility for added convenience. Recently refreshed with new carpet and fresh paint, the units present neatly and are ready to continue generating income.

All units are equipped with reverse cycle air conditioning, ensuring year-round comfort and appealing accommodation for occupants.

Importantly, the complex has maintained an exceptionally low vacancy rate during the current ownership, highlighting the strong rental demand and reliable occupancy this property offers.

Current rental details include:
• Unit 1 - $175 per week, fully furnished
• Unit 2 - $175 per week, furnished bedset
• Unit 3 - $175 per week, furnished bedset
• Unit 4 - $175 per week, furnished bedset
• Unit 5 - $175 per week, furnished bedset
• Unit 6 - $175 per week, furnished

With multiple income streams from six individual units, this property presents a rare opportunity to secure a compact unit complex.

Contact selling agent Jim O'Donoghue today for further information.

Council rates: $4,713.58 per annum

Explore the area


School catchments

  • Parkes East Public School Primary K-6 Government 0.51km
  • Parkes Public School Primary K-6 Government 1.4km
  • Holy Family Parish School Primary K-6 Catholic 1.4km
  • Middleton Public School Primary K-6 Government 1.7km
  • Parkes Christian School Combined K-12 Independent 4.0km

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.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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