7/100 Farrar Boulevard, Farrar NT 0830

Sold

2 beds

1 baths

2 parking

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 m�
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

Property Details

• Type: Apartment
• Bedrooms: 2
• Bathrooms: 1
• Carport Spaces: 2