FIXED RENTAL INCOME | NO MANAGEMENT FEES | LONG-TERM LEASE
INVESTORS! Secure this affordable, refurbished two-bedroom investment apartment in the established regional centre of East Tamworth, offering fixed rental income, no management or letting fees and the benefits of a long-term commercial lease. Positioned on the ground floor, this spacious apartment features 98m² in total, including two bedrooms, two bathrooms, open-plan living and dining, a private outdoor entertaining terrace and secure car parking on title.
RECENT REFURBISHMENTS
The apartment has benefited from several upgrades, including both bathrooms refurbished in 2019 and an updated kitchen in 2024, together with updated timber-look floating flooring. Offering a generous and functional floor plan, the apartment comprises a fully equipped kitchen, spacious open-plan living and dining area, two well-proportioned bedrooms, including a master with ensuite, and direct access to the outdoor terrace. Residents and guests also enjoy access to the complex's communal swimming pool.
PROPERTY FEATURES
2 spacious bedrooms
2 bathrooms, including master ensuite
Updated kitchen 2024
Bathrooms refurbished 2019
Private outdoor entertaining terrace
Secure car park on title
Communal swimming pool
Rents are fixed and not dependent on occupancy, with no management and letting fees commonly associated with traditional residential investment properties.
LEASE DETAILS
Price: $346,000
Current Rental Income: $468 per week / $24,336 p.a.
Gross Rental Return: 7.03%
Net Rental Return: 5.86%
Next Market Rent Review: September 2027
Lease: To 30 September 2027 with 6 further 5-year options
APPROXIMATE OWNER OUTGOINGS
Council Rates (including water): $2,146 p.a.
Owners Corporation Maintenance Levy: $1,900 p.a.
Owners Corporation Administration Fees: Paid by tenant
Total Owner Outgoings: Approximately $4,046 p.a.
EAST TAMWORTH ESTABLISHED REGIONAL LOCATION
Situated in one of New South Wales' prominent regional centres, Tamworth enjoys a diverse local economy supported by agriculture, healthcare, education, retail, construction, hospitality and professional services. Renowned as Australia's Country Music Capital, Tamworth attracts visitors year-round for its major festivals, entertainment, sporting events and regional attractions.
The property's location in East Tamworth provides convenient access to the city's commercial precinct, shopping, dining, medical facilities and local amenities, making it a practical base for both corporate and leisure visitors.
Please note some images may be generic and not of exact lot
ENQUIRE TODAY
For further information, lease details or to arrange an inspection, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
Serviced Apartment Sales Pty Ltd
Specialists in serviced apartment and hotel investment sales across Australia.
DISCLAIMER
All information contained herein has been supplied by the vendor or third parties and is provided for general information purposes only. Whilst every effort has been made to ensure accuracy, no warranty or representation is given. Rental returns, outgoings, lease terms and other financial information are approximate and subject to verification. Purchasers should undertake their own independent enquiries and obtain appropriate legal, financial and taxation advice before proceeding with any investment decision.
