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UNDER OFFER Executive Investment or Future Family Home – Corporate Lease in Place
UNDER OFFER A “one-off” design built with quality materials and high-end finishes throughout — this is the type of property that rarely comes to market.
Leased to a corporate tenant with strong income now, and the option to move in mid-2026.
Investment Snapshot
• Corporate tenant – since July 2023
• Lease expiry: July 2026
• Rent: approx. $1,300+ per week (~$67,600 p.a.)
• Approx. 7.8% gross yield at $865,000
• Rent review due July 2026
• High-quality tenant profile
• Strong holding income with future flexibility
The Home
• Built in 2017 – modern brick & iron construction
• 4 queen-sized bedrooms with robes
• Large walk-in robe and ensuite to master
• 3 bathrooms inside + 4th shower & toilet in shed
• Open plan living plus separate family and theatre room
• Stone benchtops throughout
• Modern kitchen with dishwasher
• Excellent storage throughout
• 193m² floor area (approx.)
Land
• 956m² block (approx.)
• Low-maintenance yard
Comfort & Lifestyle
• Evaporative air-conditioning plus split systems throughout
• Multiple living zones for families or executive living
• Low-maintenance yard
• Close to airport, schools, shops and recreational facilities
The Extras That Set It Apart
• Four car lock-up garage
• Approx. 70sqm powered shed – lined and insulated
• 956m² block – space and flexibility
• Quality build with a unique, standout design
Outgoings
• Council rates: $3,926.04 p.a. (2026/2027)
• Water connection: $300 p.a.
High-quality homes with corporate leases are tightly held. You get strong income today, a well-maintained modern build, and the flexibility to move in or re-lease in 2026. This is a rare combination of lifestyle and investment.
Secure This Opportunity
Contact Iris Haynes on 0420 471 461 for further details or to arrange your inspection.
Property features
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Garages
4
Property snapshot by reiwa.com
This property at 29 Gatacre Drive, Somerville is a four bedroom, three bathroom house sold by Iris Haynes at John Matthew & Sons on 28 Apr 2026.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Somerville or see other recently sold properties in Somerville.
Nearby schools
Somerville overview
Are you interested in buying, renting or investing in Somerville? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Somerville offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Somerville quick stats
High end
$850k
Median
$718k
Low end
$553k
30.5 %
Annual growth
$718k
Annual median sales price
$900pw
Annual median rental price
