Located within the private Ashley Grove Estate, 13 Edgar Street presents an excellent opportunity to secure a quality home with an established government tenancy already in place.
The property is currently leased to GROH at $1,100 per week, providing a gross annual rental income of $57,200. The current 12-month lease expires on 7 July 2027.
While the existing GROH lease provides a strong return for investors, the property may also appeal to owner-occupiers planning ahead. Vacant possession can be arranged at the conclusion of the current lease, subject to the lease terms and the required notice being provided.
Built by respected Kimberley builder HM Tracey, the home offers generous proportions and a practical layout well suited to comfortable family living and Derby's corporate accommodation market.
Property features include:
Impressive entrance leading into a spacious, light-filled living area
Contemporary kitchen overlooking the main living area and outdoor patio
Generous master bedroom with walk-in robe and ensuite
Large ensuite shower
Built-in robes and split-system air conditioning to all bedrooms
Shaded verandah and patio area for outdoor living
Established gardens and lawns
Double carport with additional space for a boat or extra vehicles
Quiet position within the established Ashley Grove Estate
With the high cost of building and limited availability of quality housing in Derby, this established property offers immediate rental income together with the option of future owner-occupation.
For further information or to arrange an inspection, contact Peter Burns on 0407 911 696 at Hutchinson Real Estate
