Sold Property in Narrabri, NSW 2390
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FIVE TWO BEDROOM UNITS -SHOWING A GROS YIELD OF 7.75% (soon to increase to 8.25%) MOTIVATED VENDOR. GREAT LOCATION IN THE BOOMING TOWN OF NARRABRI
10
5
0
Phone Enquiry ID: 222064
All units are tenanted by SUMMIT COMMUNITY SERVICES.
Summit Community Services was established in 1983 to provide low cost housing. It now manages 60 properties.
It guarantees rent and repair of damages by their clients for the duration of their 2 year lease. This eliminates the need to have the properties managed by agents.
- 5 x 2 bedroom units
- External weatherboard cladding (painted approximately June 2019)
- Has new roofing
- Outdoor laundry. Unit 5 has its own laundry and yard
RENT $68,315 p.a. This rent is increased annually by the CPI.
This rent will increase to $72,800 with CPI increase as of
the 1st July 2023. This will show a yield of 8.25%
RATES $4,524 p.a. Water Rates vary from approximately $160 t0 $250 per
quarter.
All units are tenanted by SUMMIT COMMUNITY SERVICES.
Summit Community Services was established in 1983 to provide low cost housing. It now manages 60 properties.
It guarantees rent and repair of damages by their clients for the duration of their 2 year lease. This eliminates the need to have the properties managed by agents.
- 5 x 2 bedroom units
- External weatherboard cladding (painted approximately June 2019)
- Has new roofing
- Outdoor laundry. Unit 5 has its own laundry and yard
RENT $68,315 p.a. This rent is increased annually by the CPI.
This rent will increase to $72,800 with CPI increase as of
the 1st July 2023. This will show a yield of 8.25%
RATES $4,524 p.a. Water Rates vary from approximately $160 t0 $250 per
quarter.