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Offmarket

Dual Income Property Returning 6.6%

Property ID: 14817975
Purchase price $500K
Rental Return $640
Gross Yield 6.6%
Constructed 2015

This dual income property is just 12 months old and has tenants in place paying a combined rent of $640 per week. The 3 bedroom unit rents at $370 per week while the 2 bedroom unit rents at $270 per week.

THE LOCATION

This city is set to see an average of another 10,000 new residents each year for the next 20 years;

Vacancy rates are at less than 1.8% (2 - 3% vacancy rate is considered a balanced market);

Being located half way between 2 Major Centres, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in City while taking advantage of the and easier access to the nearby major regional centres;

The region has a strong history of long-term capital growth;

It has a strong, diverse and growing economy with the major employers being manufacturing & retail, Business & community services, Construction & Agriculture;


FACILITIES NEARBY

* Train station with access to the CBD - 2.6km;
* Hospital - 2.5km;
* TAFE - 2.8km;
* University campus - 3.8km;
* New Woolworths recently opened - 2.5km;
* Coles 1.3km, ALDI 1.6km;
* Primary school 900m;
* High school 1.2km;
* Several child care centers within1.5km;
* Banks, Post Office - 500m;
* Industrial Estate - 3.5km + others within a 10 minute drive;
* Motorway with access to the city and other major regional centres- 4km;

PROPERTY DETAILS

472m flat, block of land
5 bedrooms
2 kitchens
Ceramic tiled floors
Low maintenance Brick and tile
Fully turfed
Fully fenced
Driveways
Built-in robes
2 Single lock up garages with internal access to the living areas


This one will be in high demand so call Matthew Barnes asap on 0430 979 900 for further details.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 472m2

Type: Residential, House

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 472m2

Type: Residential, House