This property is a unit on a lot in 1434 Millner NT. Based on comparable properties, we estimate its value at $740,000. The local council is Darwin, with 9 bedrooms and 5 bathrooms.
Block of Flats - 8% yield Text '16SAB' to 0488 810 057 for all property information. A rare, readymade investment opportunity, this property offers the chance to own a standalone residential investment comprising five separate flats.All five flats are currently tenanted, and the ultra-convenient location and mixture of accommodation ensures solid ongoing rental prospects. The accommodation includes one x 3 bedroom flat, two x 1 bedroom flats and two x 2 bedroom flats.The flats provide an entry level of accommodation so vacant tenancies has never been a problem. The property is located in the central suburb of Millner, which is close to local schools and shops. It is within close proximity to all services and amenities including schools, shops and public transport. The current Gross Income is $71,760pa and all flats are leased.Council Rates: Approx. $6,950 per annumYear Built: 1982Area Under Title: 905 square metersZoning: SD (Single Dwelling)Body Corporate: Self-managedVendors Conveyancer: Tschirpig Conveyancing ServicesSettlement period: 30 daysDeposit: 10% or variation on requestEasements as per title: none found