Block of Units for sale

224 Trower Road,

Wagaman, NT

12 6 0
$1,299,000

Price reduced by $100,000!

Showing a gross rental return of 7.4%, take advantage of the market and look at this fantastic block of 6 units to be sold under 1 title. These types of properties are never available when rents are high. Easy to tenant due to its close proximity to Casuarina Shopping Square, Charles Darwin University and public transport.

Built circa 1980, this complex consists of 6 x 2 bedroom, 1 bathroom units in varying degrees of renovation. Rents in the complex currently range from $300 - $345 per week depending on their condition. Minor remedial works on site could easily improve the rental yield of this property.

With property, location is everything. This complex is only 200m from Casuarina Shopping Square, the largest shopping complex in the Northern Territory and only 1km from the Charles Darwin University grounds. This property is fully occupied except for 1 unit left vacant for display purposes during the market campaign.

Whilst currently there is very little scope for the re-development, this complex is located within one of the busiest activity centers in the Northern Territory and could be positioned well to take advantage of any future zoning changes.
Last updated: 01:49PM on Aug 6th 2017
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