Whether you're looking to expand your investment portfolio or secure an affordable property with immediate rental income, 53A Elouera Street, Collie presents an outstanding opportunity. Positioned in a well-established triplex complex, this unit is currently leased to a long-term, reliable tenant who has proudly called the property home for many years, providing investors with the security of an established tenancy from day one. Inside, the home offers a practical layout with comfortable living spaces, making it an ideal lock-and-leave investment. While the property would benefit from some cosmetic updates over time, it presents an excellent opportunity for a buyer to add value in the future when the timing is right. Please note that the home is currently occupied, and sufficient notice is required to view. We kindly ask buyers to look beyond the furnishings and appreciate the solid bones, functional floorplan and future potential this property offers. Property Features: • Gas Hot Water System – Gas Bottles • Freestanding gas oven • Security doors to front and back • Brick & Tile • Long-term, reliable tenant already in place - periodical lease (rent review due between $380pw - $400pw) • Low-maintenance triplex unit – NO STRATA FEES • Practical floorplan with comfortable living areas • Ideal investment with immediate rental income • Opportunity to renovate or modernise in the future • Affordable entry into the Collie property market Located close to local shops, schools and essential amenities, this is an excellent opportunity for investors seeking a property with strong fundamentals and future upside. With Collie continuing to attract attention through major government investment, renewable energy projects and ongoing regional development, the town remains an appealing option for investors looking for both affordability and long-term growth potential. For further information or to arrange a viewing, contact Kathryn Fiorenza today. Water Rates - $1570 pa (approx.) Shire Rates - $2600 pa (approx.) Strata Fees - $NIL Rental return $320pw (review due estimate $380pw - $400pw) Area – 180m2 Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.