NINE UNITS IN ONE PRIME LOCATION EARNING $2,970.00 PER WEEK P/A $154,440.00 THAT'S AN APPROXIMATE 7% YIELD!
Exceptional Investment Opportunity Block of 9 units, all units street facing + further equity potential and opportunity to increase yields to get them all to market value.
Unlock the potential for lucrative returns with this 9 unit complex, offered as a single investment package. Strategically positioned, 12km from the Hobart CBD and minutes to major shopping centres, services, conveniences with a bus stop at your front door, this property boasts 9 one-bedroom units designed for comfort and functionality.
The spacious units all feature an open-plan layout encompassing kitchen, dining, and lounge areas, alongside a single bedroom with easy access to bathrooms. Enhancing the appeal of the complex, residents enjoy coded access to a communal outdoor garden area and the addition of their own private small yards. There are ample parking options available and each tenant has an allocated spot.
Seize this outstanding chance to bolster your investment portfolio with this property positioned over three street frontages on a generous corner block.
Currently generating an annual income of $154,440.00 with potential to increase rents to market value and/or growth by either renovating or creative ideas to increase rents. This prime property promises attractive returns.
Situated so close to Hobart, it offers an enviable location for tenants and a profitable return for savvy investors along with continuous capital growth.
Key Features: Land Size: 2519sqm (approx.) Three street frontages. All 9 units are street facing Fully tenanted Current yield over 7% (approx.) Ideal for Superannuation fund investment Nine (9) 1-bedroom units. Current Rental Income: $154,440 per annum (approx.) Usable communal outdoor space Conveniently located within a 12km to Hobart. A stone throw away from Iconic Mona Museum
Features include: Close to Transport,Close to Shops,Close to Schools,Disabled Access
Inspections
No open inspections scheduled.
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Contact Nat Downton to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
What's nearby
Mt Faulkner Primary SchoolPrimary School
0.5km
Claremont High SchoolHigh School
1.7km
New Town HospitalHospital
6.7km
Berriedale StoreMajor Shopping Centre
0.9km
Claremont CollegeCollege
1.9km
Australia PostPost Office
0.3km
Tafe - Goodwood CentreTafe
4.4km
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
27 Feb 2003
Sold
$460,000
Contract: 27/02/2003
Block size: 2519m²
Purpose: Flat/s
15 Dec 2000
Sold
$125,000
Contract: 15/12/2000
Block size: 2519m²
Purpose: Flat/s
Chigwell suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
35 years
Population
2,050
Listing ID: 182330006. This listing has been viewed 23 times. It was first displayed on 26/02/2024 and last updated on 05/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.