Territory Real Estate is proud to present this beautiful studio unit to the sales market. Rented at $300 per week and at the current asking price of offers over $155,000 considered equates to a 10% gross return!
The current tenant is in a lease until 13th of January 2023.
This fully renovated studio is perfect for the avid investor to make a quick purchase and rent it out or live in.
Some of the features we love about this unit:
* Renovated kitchen with ample cupboard space
* Fully air-conditioned and private balcony
* Ceramic tiles throughout
* Lovely cross flow ventilation front and back door
* Common grass area, always maintained
This property is in the perfect location, one street back from Nightcliff foreshore, a minute from the markets, opposite Aralia street Shopping Centre, in close proximity to Casuarina Shopping Square, Charles Darwin university, Hospital, Nightcliff pool, bike tracks, beachfront hotel, the new Nightcliff cafe, tennis court close by, restaurant across the road and convenience store and other small shops. These are only a few of the fantastic amenities and recreation venues you could enjoy or offer the current tenant.
This happy unit has always been rented easily. Known as one of the tidiest buildings in Aralia Street and the committee is committed to keeping it that way what a perfect opportunity to invest in the Northern Territory.
About the property:
- Area on Title: 33 square metres
- Body Corporate Manager: Altitude Management NT
- Body Corporate Fees: $550 per quarter (approx)
- Council Rates-$1,523 per annum (approx)
- Hot Water System: Electric
- Rental Yield until 13/01/2023: $300 per week
- Year Built: 1985
