10 6 12
This solidly constructed double-storey block of six units, originally built to accommodate bank staff, is a cracking investment opportunity, currently rental income is $111,020 pa or 9.56% yield on asking price, and with the potential to increase the income. Located in a popular pocket of Gillen close to major amenities, occupancy rates are high.
•Cracking investment – rock-solid 6-pack current income $111,020pa or 9.56% yield
•Prime Gillen location, delightful views of MacDonnell Ranges
•4 x 2-bedroom, 2 x 1-bedroom, all with separate entry
•3 have split system air-conditioning, all have built-ins in bedrooms
•Separate water supply to each unit,
•8 covered carparks and 4 visitor carparks onsite
•Current owners have conducted their own property management
•Low maintenance, constructed to last
•Originally built by a major bank to accommodate bank staff
•Location has ensured consistently high occupancy rates
•Invest in bricks & mortar to ‘peace of mind’ and attractive returns!
Over two levels, the configuration is 4 x 2-bedroom units with a floor area of 79 square metres, and 2 x 1-bedroom with a floor area of 61 square metres. Each unit has separate entry, separate water supply, built-ins in bedroom(s), full sized bath in 2-bedroom units, electric stoves, and three of the units have split system air-conditioning.
The complex is on a 1055m2 block, with security lighting installed and undercover parking for eight-vehicles plus open parking for another four-vehicles. Low maintenance, the current owners have successfully conducted their own property management, minimising costs further.
In comfortable, liveable condition and showcasing views of the MacDonnell Ranges – this is an appealing investment opportunity in a sought-after location within walking distance to local schools and IGA.
With interest rates at historic lows and the stock market always susceptible to volatility; property is one of the safest and most financially rewarding investments, proven to generate attractive capital gain over time and returning solid yields in most market conditions. Investing in bricks and mortar is the way to go…and this property certainly ticks all the boxes.
Contact Agent for further information.
10 6 12
Property Type - BlockOfUnits
Land Area - 1040m2
Strata Fees - N/A
Council Rates - $10,186.35 p/a
Contact Agent to arrange inspection