A unit on a parcel in 20/DP907 Dubbo NSW. Based on comparable properties, we estimate its value at $365,000. In the council area Dubbo Regional, featuring 2 bedrooms, 1 bathroom.
6 Townhouse units for sale as a whole An opportunity to acquire an outstanding block of 6 townhouse units in a superb central/south location in Dubbo. Strong tenancy record,low maintenance, easily managed.• Current rent $40,300 p/a (gross) 5 units at $130 p/w, 1 at $125 p/w (increasing to $130 p/w).• Average term of tenancies 31 months. Ranging from 2 months to over 6 years.• 2 bedrooms with built-ins, kitchen with b/bar, living room, separate laundry, bathroom with shower, vanity and toilet• Split system air conditioning unit and front and rear security doors.• The grounds are easily maintained with manual watering system. Off street car parking for 6 cars and 1 visitor car park.• We have managed this property for 26 years and it has always had a high occupancy rate. It is very well situated in a very popular residential area of central/south Dubbo. It is within easy walking distance of the CBD, sporting ovals and parks, the Tamworth 7 day neighbourhood shopping centre and local fast food outlets.• The average monthly residential vacancy rate published for Orana Region is 1.87% between March 2006 and March 2007. The current vacancy rate is 1.6% (source: REI of NSW—Monthly Vacancy Report).• The median rent for 2 bedrooms (all dwellings) is $150 p/w in Dubbo for the December quarter 2006, an increase of 7.1% for the year since December Quarter 2005.—(source: NSW Department of Housing—Rent Sales Report December Quarter).• A detailed Property Report is availableAuction: Friday 1 June 2007, 1pm at Cascades Motor Inn, Cobra Street, DubboInspections: by appointment to see 1 unit initially, all units will be then available for inspection at an arranged time before the AuctionContact: Bob Berry 0418 636 954Additional feature - Investment units with high occupancy record.