Listed on realestate.com.au & domain until sold
4 Photos
Sold
4 Photos
Sold
$880,000
10
5
4
–
unit
Sold
$880,000
10
5
4
–
unit
FIVE TWO BEDROOM UNITS -SHOWING A GROS YIELD OF 7.75% (soon to increase to 8.25%) MOTIVATED VENDOR. GREAT LOCATION IN THE BOOMING TOWN OF NARRABRI
Property ID: 222064
All units are tenanted by SUMMIT COMMUNITY SERVICES.
Summit Community Services was established in 1983 to provide low cost housing. It now manages 60 properties.
It guarantees rent and repair of damages by their clients for the duration of their 2 year lease. This eliminates the need to have the properties managed by agents.
- 5 x 2 bedroom units
- External weatherboard cladding (painted approximately June 2019)
- Has new roofing
- Outdoor laundry. Unit 5 has its own laundry and yard
RENT $68,315 p.a. This rent is increased annually by the CPI.
This rent will increase to $72,800 with CPI increase as of
the 1st July 2023. This will show a yield of 8.25%
RATES $4,524 p.a. Water Rates vary from approximately $160 t0 $250 per
quarter.
Summit Community Services was established in 1983 to provide low cost housing. It now manages 60 properties.
It guarantees rent and repair of damages by their clients for the duration of their 2 year lease. This eliminates the need to have the properties managed by agents.
- 5 x 2 bedroom units
- External weatherboard cladding (painted approximately June 2019)
- Has new roofing
- Outdoor laundry. Unit 5 has its own laundry and yard
RENT $68,315 p.a. This rent is increased annually by the CPI.
This rent will increase to $72,800 with CPI increase as of
the 1st July 2023. This will show a yield of 8.25%
RATES $4,524 p.a. Water Rates vary from approximately $160 t0 $250 per
quarter.
Features
Indoor features
Air conditioning
Heating
Email 
Twitter 
Facebook 
For real estate agents
Please note that you are in breach of Privacy Laws and the Terms and Conditions of Usage of our site, if you contact a buymyplace Vendor with the intention to solicit business i.e. You cannot contact any of our advertisers other than with the intention to purchase their property. If you contact an advertiser with any other purposes, you are also in breach of The SPAM and Privacy Act where you are "Soliciting business from online information produced for another intended purpose". If you believe you have a buyer for our vendor, we kindly request that you direct your buyer to the buymyplace.com.au website or refer them through buymyplace.com.au by calling 1300 003 726. Please note, our vendors are aware that they do not need to, nor should they, sign any real estate agent contracts in the promise that they will be introduced to a buyer. (Terms & Conditions).
