99 Ambrose Street

Tennant Creek NT 0860

2000 m²

House

Currently for sale - view listing

Overview

Outstanding Investment - fully leased - 13.5% ROR

Gross rent income of $161,200 pa showing 13.5% return on investment. This property has been tightly held in a family portfolio as a jewel in their crown of income. Due to retirement and relocation, this investment opportunity is now available to be purchased. Situated on approx. 2000 sqm of land is a collection of 9 dwellings all securely leased. Generally described as transportable dwellings, they have been refurbished and are quite sort after showing minimal vacancy rate. What we like about this property: Location adjacent main street Fenced allotment Landscaped Multiple income stream from 9 tenancies Appeals to corporate tenants and sole occupiers. Attractive rent return Rent amounts reflect current market conditions Township region as low vacancy rates It is rare to see genuine high return residential property come available, this is an easy property to own generating great income. Licensed Agent