224 Trower Road WAGAMAN NT 0810
$1,190,000

DESCRIPTION

Take advantage of the current market and invest in your future. 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. Minor remedial works on site could easily improve the rental yield of this property. As all units are under 1 title there is no body corporate in place so costs are easy to manage creating higher returns.

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 which is ranked in the top 2% of the world.

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.

A number of units have been left vacant for the marketing campaign so access for potential buyers is easy. Call to arrange your viewing time.

Rates: $8,010 per annum (approx)
Land Area: 744 sqm
Easements: Sewerage, registered to Power and Water Authority
Units on site: 6