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Apartment
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for sale
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Spacious 2 Bedroom apartment with Brand new Kitchen
Tamworth
· 2 Bedrooms · 2 Baths · Apartment
· Equipped kitchen
Tamworth · 2 Bedrooms · 2 Baths · Apartment · Equipped kitchen
INVESTORS! Fully Refurbished Kitchen, Bathroom & Ensuite! With a fixed term lease of $23,486 pa rent pa with an increase in September this neat as a pin lot will suit any investor seeking an entry addition to their portfolio. Under long term lease, with no management or letting fees, no vacancy periods, and no Owners Corporation admin levies or building insurance, the monthly rent is paid direct with no costly deductions. Lease Details: Rent as of Sept 25: $451 per week - $23,486 pa Current Return: 6.80% Gross - 5.92%- Net Scheduled Rent Increases As Follows: Sept 2026 + 4% = $24,425 pa - 7.08% gross Sept 2027 - Market Review Lease Terms: Lease to 30/09/ 2027 with 6 x 5 yr options Rent Reviews and Increases: 4% yearly- with market rent reviews every 5 years (next due September 2027) PLEASE NOTE THE APARTMENT IS CURRENTLY UNDER LONG TERM LEASE-CANNOT BE OWNER OCCUPIED. Recently undergone full refurbishments of both bathroom and ensuite in 2019 AND JUST COMPLETED BRAND NEW KITCHEN, this
INVESTORS! Fully Refurbished Kitchen, Bathroom & Ensuite! With a fixed term lease of $23,486 pa rent pa with an increase in September this neat as a pin lot will suit any investor seeking an entry addition to their portfolio. Under long term lease, with no management or letting fees, no vacancy periods, and no Owners Corporation admin levies or building insurance, the monthly rent is paid direct with no costly deductions. Lease Details: Rent as of Sept 25: $451 per week - $23,486 pa Current Return: 6.80% Gross - 5.92%- Net Scheduled Rent Increases As Follows: Sept 2026 + 4% = $24,425 pa - 7.08% gross Sept 2027 - Market Review Lease Terms: Lease to 30/09/ 2027 with 6 x 5 yr options Rent Reviews and Increases: 4% yearly- with market rent reviews every 5 years (next due September 2027) PLEASE NOTE THE APARTMENT IS CURRENTLY UNDER LONG TERM LEASE-CANNOT BE OWNER OCCUPIED. Recently undergone full refurbishments of both bathroom and ensuite in 2019 AND JUST COMPLETED BRAND NEW KITCHEN, this
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