INVESTORS! Opportunity to secure a refurbished two-bedroom investment apartment with fixed rental income, no management or letting fees and a long-term lease structure.
A very spacious ground-floor apartment offers 2 bedrooms, 2 bathrooms, an outdoor entertaining terrace and secure car parking.
Features:
* Main bathroom refurbished in 2019
* Ensuite bathroom refurbished in 2019
* Kitchen refurbished in 2024
* Two new split system air conditioners installed within last 5 years.
Providing investors an upgraded apartment in an established regional accommodation complex, with inground swimming pool, BBQ entertainment area, only short drive to main town, and furniture owned and maintained by the hotel.
PROPERTY DETAILS
2 Bedrooms / 2 Bathrooms / Ground Floor
Outdoor Entertaining Terrace/ Car Park on Title
Open-plan dining and lounge area, fully equipped kitchen and two spacious bedrooms, with an ensuite to the master bedroom.
Timber floating flooring to the kitchen has also been updated, while the outdoor entertaining terrace provides additional living space.
fixed rental income regardless of occupancy.
Price: $349,000
Current Rent: $468 per week $24,336 per annum
Current Return: 6.97% Gross / 5.90% Net
Lease to 30/09/2027 with 6 x 5-year options
Next Market Rent Review: September 2027
APPROXIMATE OWNER OUTGOINGS
Council Rates: $2,146 per annum includes water
Water Rates: Included in Council Rates
Owners Corporation Maintenance Levy: $1,592 per annum
Owners Corporation Administration Fee: Paid by tenant
Total Owner Outgoings: $3,738 per annum
Tamworth is a major regional centre in inland New South Wales with an economy supported by industries including retail, construction, agriculture, hospitality and professional services.
Best known as Australia's Country Music Capital, Tamworth attracts visitors throughout the year for major events, entertainment, food and wine, sporting activities and regional tourism.
For more information, please contact Mandy Fountain 0408 103 010.
Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations.
DISCLAIMER
The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.
