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$299,000
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7/100 Farrar Boulevard, Farrar NT 0830

Apartment212
Block size: 191 m² approx.

Investors only! 9.04% Gross return, leased until 2025.

This well located property is only minutes from the Palmerston CBD and has a long term Government lease in place with great returns. This would suit an investor looking for guaranteed returns and a long lease with regular income. The low maintenance complex keeps the body corp cost low meaning you can keep more of the rental income for yourself.  

Features include:

* $520 per week rent, minimum locked in until 2025, rent can't go down.
* Management fee includes maintenance so there is no unexpected bills
* Low body corporate fees to maximise your net return
* Long term lease so no gaps in income for almost 5 years
* Would suit investors looking for solid returns and low risk

A small courtyard with garden shed is included with this unit giving occupants some extra room outdoors in the fresh air. Parking is undercover and at the front door of the property for added convenience.

Area under title: 191 m²
Easements: Nil on title
Council rates: $1,770 per year (approx)
Body Corp Manager: North Management
Body Corp outgoings: $521.90 (approx) per quarter.
Leased until: 28/4/2025
Lease amount: $520 per week

Features include: Air conditioning,Broadband internet access,Built in wardrobes,Garden / Courtyard,Dishwasher
Can I afford this property?

Inspections

No open inspections scheduled.

Send an enquiry

Contact Jen Wardell to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Apartment
Block Size:191 *
Stamp Duty:$8,290*
*These are approximate values based on available information.

Past sales

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LJ Hooker Darwin

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Block information
Block size: 191 (approx)
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Property history
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Suburb and property insights

Median salesMedian sales
 
Average Age
32 years
Population
1,518
Farrar's Property Profile
Farrar's Occupancy

Contact agents

LJ Hooker Darwin

LJ Hooker Darwin

View agency details
Jen WardellLJ Hooker Darwin
Rob HigginsLJ Hooker Darwin
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Listing ID: 178780221. This listing has been viewed 6 times. It was first displayed on 06/10/2020 and last updated on 09/12/2020.