A strong set and forget investment opportunity delivering immediate income and long term lease security. Currently leased at $650 per week with a fixed lease in place until December 2027, this renovated property offers excellent cash flow and minimal vacancy risk.
Freshly renovated throughout - including the kitchen, bathroom, downstairs areas and bedrooms - the home presents with broad tenant appeal and low ongoing maintenance. Positioned on a generous 863 sqm block within LR (Low Density Residential) zoning, this is a quality Katherine asset well suited to investors seeking stability and future potential.
• Property Features:
• Elevated residential dwelling
• Three renovated bedrooms with built in wardrobes
• Freshly renovated kitchen
• Spacious open plan lounge and dining area
• Cozy balcony off the lounge
• Renovated main bathroom with separate shower and bath
• Separate toilet
• Laundry located downstairs
• Downstairs area freshly renovated
• Expansive concrete area beneath the house, ideal for storage or multi purpose use
• Separate storage room below the house
• Low maintenance landscaping
• Brand new Colorbond fencing providing privacy and security
• Additional Information:
• Land size: 863 sqm
• Zoning: LR - Low Density Residential
• Street positioning: Established residential street
• Proximity: Close to schools, shops and everyday amenities
Lease Details:
• Lease term: Current lease in place until December 2027
• Rental income: $650 per week
• Outgoings (Approx.):
• Water: $414 per quarter
• Council rates: $2,087 per annum
Contact:
• Ash David
• 0484 394 932
• ash.david@gdlrural.com.au
• Nutrien Harcourts GDL - Katherine
