High Yield Residential Investment (7% gross) PLUS capital growth!
Hard to find, right? Look no further.
31 Deakin Street is 602m2 and comprises 4 x studio apartments achieving more than $54,000 per annum gross combined. Leases all due for renewal - increasing the income to $58,240 per annum gross in the coming weeks.
All units have an the same floor plan approx. 35m2 each and comprise kitchen, bathroom, laundry and living/bedroom. Each resident has their own entry and front and rear veranda's to enjoy.
Vacancy factor is almost ZERO due to current demand and these are perfect for single working people who don't want share accommodation. The current tenants are reliable and long term.
Rarely do these high yield investment gold-mines become available, especially fully refurbished (in 2018) and with a quality tenant base that aren't causing any headaches!
Low outgoings and NO strata fees, these are not strata title.
Easy-care grounds just need a mow once a month or so, and we have a local yard care crew available on request.
Excellent long term Property Manager can continue doing a great job for you; or you can manage these yourself if that appeals.
This is truly seamless income-generating, positive geared investment that will see your nest egg grow exponentially - better than a bank!
NOTE: Neighbouring property identical development of 3 x studios - 29 Deakin St SOLD - 481m2 corner lot has been SOLD for $621,000
Kurri Kurri is an ultra convenient destination for workers with the entrance to Hunter Expressway nearby, making it an easy drive to Singleton / Muswellbrook, and a breeze for CBD commuters. Plus being on the doorstep to the booming Wine Country including Roche Estate, Hunter Valley Gardens, Lovedale and Pokolbin - Kurri Kurri is growing in popularity every year.
This property in particular is around 800m walk to the top of town, local shops and sporting facilities.
Disclaimer: The information herein is collected from sources we trust to be dependable.
However, we cannot guarantee its accuracy, so it is advisable for interested persons to rely on their own enquiries.
Features
- Balcony
- Fully Fenced
