RETURNS, LOCATION, OPPORTUNITY
This solidly constructed double-storey block of six units, originally owned by a major Bank for
staff accommodation, is a cracking investment opportunity, currently returning an 9.7% yield on asking price, and located in a popular pocket of Gillen close to major amenities, occupancy rates are high.
• Cracking investment – rock-solid 6-pack returning 9.7% yield
• Prime Gillen location, delightful views of MacDonnell Ranges
• 4 x 2-bedroom, 2 x 1-bedroom, all with separate entry
• 3 have split system air-conditioning, all have built-ins in bedrooms
• Separate water supply to each unit,
• 8 covered carparks and 4 visitor carparks onsite
• 5 of the 6 units are currently managed by the owners.
• Unit 6 has recently been leased by Framptons at a higher rental
• Low maintenance, constructed to last
• Originally owned by a major Bank to accommodate staff
• Location has ensured consistently high occupancy rates
• Invest in bricks & mortar to ‘peace of mind’ and attractive returns!
Over two levels, the configuration is 4 x 2-bedroom units with a floor area of 79 square metres, and 2 x 1-bedroom with a floor area of 61 square metres.
Each unit has separate entry, separate water supply, built-ins in bedroom(s), full sized bath in 2-bedroom units, electric stoves, and three of the units have split system air-conditioning.
The complex is on a 1055m2 block, with security lighting installed and undercover parking for eight-vehicles plus open parking for another four-vehicles.
Low maintenance, the current owners have until recently conducted all their own property management, minimising costs further.
In comfortable, liveable condition and showcasing views of the MacDonnell Ranges – this is an appealing investment opportunity in a sought-after location within walking distance to local schools and IGA.
With interest rates at historic lows and the stock market always susceptible to volatility; property is one of the safest and most financially rewarding investments, proven to generate attractive capital gain over time and returning solid yields in most market conditions.
Investing in bricks and mortar is the way to go…and this property certainly ticks all the boxes.
Contact Agent for further information.