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The savvy investor knows that a property with this much potential simply will not last long in today's market regardless of its location. So it's not in Darwin CBD and Tennant Creek sounds a little far away? Well, known for its attractions including the Devils marbles, Mary Ann Dam, Battery Hill Mining Centre and the Kyinkka Nyunyu Culture Centre, these apartments are in a great spot for industry, tourism and a local hub for FIFO workers.
What's so hot about it I hear you ask?. What about a 9% + gross income - have we got your attention now!? I bet you can't find a savings account with those sort of returns.
Set in the popular Tennant Creek township, directly opposite from the Tennant Creek High School and close to parklands and amenities, there are 8 of these one bedroom apartments for sale that come with a list of perks that will knock you for 6.
Check this out:
* Zero vacancy for 10 years - guaranteed
* Zero repairs and maintenance - guaranteed
* 2 year option to renew if the terms suit your needs 5 Ch
* Annual renewal with a "ratchet clause" so the rent never decreases
* Full depreciation schedule and tax benefits
* In excess of 9% return - let's see a savings account this those types of returns
* Located opposite the Tennant Creek High School, close to parklands and
* Located in a new subdivision
* Priced to sell with a steady rental return of $330 pw
If you have read the market magazines then you know this is a little hot spot that many don't know about yet.
What about the apartments themselves:
* Brand new subdivision and new complex
* Winding driveway with low maintenance gardens
* Parking at the front door of the apartment
* Open plan living and dining rooms
* Compact kitchen includes overhead storage
* Cleverly concealed laundry facilities
* Outdoor storage box in the courtyard
* Wall mounted clothes line on the rear fence line
* Private courtyard with infamous red dirt and small gardens
* Neat bathroom has a corner shower and central vanity
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