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Secure Residential Investment

70 Village Drive , Kingston TAS

Property Highlights

10 year lease from May 2012
11 Individual Titles offered as one
Current return: $171,600 pa approx

Description

11 two bedroom town residences each comprising separate lounge, dining area, lock up garage with internal access and separate laundry
Completed only 5 years ago and set on an elevated site of approximately 4,396 sqm
Each residence is leased to CHL until 31 May 2022 with tenant responsible for maintenance and upkeep of the property
11 titles to be offered as a whole provides excellent future potential to sell down
Conveniently located close to shops, schools, transport and Kingston Beach only 12 kms South of the Hobart CBD
Current gross income of $171,600 pa approx with annual CPI reviews
Terms 10% deposit balance 30 days

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
4,396 SQM
Building Area
1 SQM

Contact Agent

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