25/4 Ochiltree St

Somerville WA 6430

165 m²

Unit

Currently for sale - view listing

Overview

7.75% GROSS RETURN – TENANTED UNTIL 2029!

Looking for an investment with an attractive rental return and a long-term tenant already in place? This partially furnished, 2-bedroom brick & iron unit is tucked away in the rear of an established Somerville complex, offering an excellent opportunity for investors looking for immediate rental income without the hassle of finding a tenant! The Numbers: Current Rental Income: $580 per week Annual Rental Income: $30,160 Gross Rental Yield: Approx. 7.75%** Lease Expiry: January 2029 Next Rent Review: January 2028 Property Management: John Matthew & Sons Property Features: • 2 Bedrooms with built-in wardrobes • 1 Bathroom with bathtub and combined laundry • Comfortable separate lounge • Functional kitchen and dining area • Evaporative air-conditioning (Updated early 2025 approx.) • Partially furnished – Incl. but not limited to: Two Queen Beds, Lounge Furniture, Refrigerator, Washing Machine & Dryer. (Full list available upon request) • Undercover parking and sheltered front verandah • Low-maintenance brick construction Annual Outgoings: • Council Rates: $2,321.20 pa • Water Rates: Approx. $300.00 pa • Strata Levies: $2,455.20 pa ($613.80 per quarter) The Added Bonus? The property is already managed by John Matthew & Sons, with an established tenant who is taking great care of the home, as reflected in the most recent routine inspection. A long-term tenant, immediate rental income and a 7.75% gross return – the numbers speak for themselves! Contact Fayth on 0427 737 206 today for further information. **Gross yield calculated on the advertised price of $389,000, before expenses. All figures are approximate and subject to verification.