8/3 Rankine Street

Riverside TAS 7250

45 m²

77 m²

Unit

Currently for sale - view listing

Overview

$300,000 Investment Opportunity - 5.7% Gross Rental Return

If you are looking for a straightforward, low maintenance investment with excellent tenants already in place, this neat and tidy Riverside unit deserves your attention. Priced at $300,000 and currently returning $330 per week, the property offers an attractive gross rental yield of 5.7%, with a secure tenancy in place until 16 October 2027. Built in 1977 and positioned on the upper level of a well established unit complex, the property features a simple, practical floorplan with an allocated single carport. Located in the ever popular suburb of Riverside, this one bedroom unit is exceptionally easy to maintain, making it particularly appealing to investors seeking a property without a long list of immediate improvements. A Pre-Sale Building Inspection Report has already been completed for buyer convenience, with no structural issues noted. Whether you are looking to expand your existing property portfolio or take your first step into property investment, this is an affordable opportunity with rental income already in place. Contact Rae to arrange your private inspection on 0455 445 300. Annual Outgoings: - West Tamar Council Rates: $1,252.61 - TasWater Rates: $634.28 + usage - Coast to Coast Body Corporate Fees: $1,435.68 Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided. Property Code: 653