22 Waranga Avenue, Mount Austin.

Seize a rare investment opportunity at 22 Waranga Avenue, Mount Austin, where historical charm meets modern, high-yield functionality. Established in 1890, the Mount Austin Homestead held singular importance as the only structure on its expansive estate, then part of a working dairy farm. This historical significance was formally recognised when the property was subdivided in 1948, leading to the entire suburb being named in its honor: Mount Austin. Comprising four separate residences, this unique offering provides exceptional flexibility. The property features the spacious and versatile Mount Austin Homestead, alongside two newer, fully self-contained two-bedroom units. This configuration allows for adaptable living arrangements: it can operate as four independent, self-contained units, each designed for privacy and autonomy, or the two Homestead units can be effortlessly combined to create a single, expansive five-bedroom home, ideal for integrated living or increased on-site support. Recently updated and currently secured by a long-standing tenant (in place for four years), this property presents a proven, high-performing investment. Enjoy strong rental yields and the option of a long-term leaseback, offering a genuine "set-and-forget" opportunity in a thriving regional market. For the astute buyer, this is an investment poised to deliver solid returns and a strategic foothold in a resilient sector. KEY PROPERTY FEATURES: FLEXIBLE ACCOMMODATION: ● Four independent residences ● Mount Austin Homestead: Offering a spacious and adaptable layout. ● Two self-contained 2-bedroom units: Secure and private. ● Seamless transformation: Ability to combine Homestead units into a large 5-bedroom home, catering to varied rental models and needs. LIVING & KITCHEN AREAS: ● Combined lounge/dining areas in units for comfortable living. ● Spacious wide hallways and high ceilings contribute to an open feel. ● Two traditional kitchens in the Homestead, complementing the property's character. ● Two well laid out kitchens in the self-contained units for modern convenience. BEDROOMS & BATHROOMS: ● A total of nine bedrooms across the four residences. ● Homestead: Two bathrooms with showers and two separate toilets. ● Self-contained units: Each features a bathroom with a shower and toilet. CLIMATE CONTROL: ● New split system air conditioning installed throughout all four units ensures year-round comfort. ● Ceiling fans for enhanced air circulation. STORAGE & VEHICLE ACCOMMODATION: ● Generous four-car carport provides immediate, protected access. ● An extraordinary, multi-purpose outdoor expanse is capable of securely hosting four+ additional vehicles, ensuring ample parking for residents, and visitors. LAND SIZE: 1486 m2 LAND RATES: $5,383 pa *All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.