high yield 5-unit site for sale.
This 2011 unit site being offered for sale in bulk is a rare opportunity to acquire five modern units, available on vacant possession or with guaranteed leases across all units until December 2021. Units 1-4 are all single level 2 bedroom 1 bathroom villas with carports, and Unit 5 a 4 bedroom 2 bathroom townhouse with garage. Units 1-4 are rented for $375 per week and Unit 5 $475 per week, with a combined gross return of $1975 per week or $102,700 per annum, and scope for negotiation.
All villas are well maintained with convenient floor plans and spacious living areas, including stylish kitchens with island benches and breakfast bars, Omega wall ovens, ceramic hotplates and Daikin heat pumps. All bedrooms are a good size with built-in robes and sleek family bathrooms with separate bath and showers, Unit 5 with a second ensuite bathroom. Some of the units also have pleasant views of Pitt Water and Mt Wellington.
The outdoor areas of each unit are fully enclosed with low maintenance grassed yards and established trees. Units 1-4 have a single carport and Unit 5 a single garage. The site is in close proximity to local schools, shops and services and approx. 20 – 25mins to the Hobart CBD. Certainly a very unique opportunity to secure a no risk high yield investment in a growing area of Hobart.
• 5 modern villa units for sale as a whole
• 4x 2 bed 1 bath units plus 1x 4 bed 2 bath
• Available on vacant possession or leased
• Combined rent $1975pw or as negotiated
• Proposed lease term until December 2021
• Significant depreciation availability
• Spacious living areas with quality kitchens
• Good size bedrooms with stylish bathrooms
• Private and secure low maintenance yards
• Units 1-4 with carports and Unit 5 a garage
• Some views of Pitt Water and Mt Wellington
• Close to local schools, shops and services
• Approx. 20 – 25 mins to the Hobart CBD