60 Bradshaw Drive
gillen NT 0870

RETURNS, LOCATION, OPPORTUNITY

10 6 12

This solidly constructed double-storey block of six units, originally built to accommodate bank staff, is a cracking investment opportunity, currently rental income is $111,020 pa or 9.56% yield on asking price, and with the potential to increase the income. Located in a popular pocket of Gillen close to major amenities, occupancy rates are high.

•Cracking investment – rock-solid 6-pack current income $111,020pa or 9.56% yield

•Prime Gillen location, delightful views of MacDonnell Ranges

•4 x 2-bedroom, 2 x 1-bedroom, all with separate entry

•3 have split system air-conditioning, all have built-ins in bedrooms

•Separate water supply to each unit,

•8 covered carparks and 4 visitor carparks onsite

•Current owners have conducted their own property management

•Low maintenance, constructed to last

•Originally built by a major bank to accommodate bank staff

•Location has ensured consistently high occupancy rates

•Invest in bricks & mortar to ‘peace of mind’ and attractive returns!

Over two levels, the configuration is 4 x 2-bedroom units with a floor area of 79 square metres, and 2 x 1-bedroom with a floor area of 61 square metres. Each unit has separate entry, separate water supply, built-ins in bedroom(s), full sized bath in 2-bedroom units, electric stoves, and three of the units have split system air-conditioning.

The complex is on a 1055m2 block, with security lighting installed and undercover parking for eight-vehicles plus open parking for another four-vehicles. Low maintenance, the current owners have successfully conducted their own property management, minimising costs further.

In comfortable, liveable condition and showcasing views of the MacDonnell Ranges – this is an appealing investment opportunity in a sought-after location within walking distance to local schools and IGA.

With interest rates at historic lows and the stock market always susceptible to volatility; property is one of the safest and most financially rewarding investments, proven to generate attractive capital gain over time and returning solid yields in most market conditions. Investing in bricks and mortar is the way to go…and this property certainly ticks all the boxes.

Contact Agent for further information.

Property Details

Property Type - BlockOfUnits

Land Area - 1040m2

Strata Fees - N/A

Council Rates - $10,186.35 p/a

Open Times

Contact Agent to arrange inspection

Share

Contact Details

Get in touch with our team at First National Real Estate Framptons

Please complete the enquiry form below and we will be in touch shortly

Select the open and fill in your details below, then simply show your ID to Dominic at the door

COVID-19 PRECAUTIONS




In response to Federal, State and Territory Government Department of Health recommendations related to Coronavirus, First National Real Estate is strictly observing all essential health precautions nationally. Open homes have therefore been cancelled where required, as have traditional auctions, and we are offering private or digital inspection appointments and online auction arrangements as alternatives – where permitted.

In all locations where normal real estate operations continue:

  • We’re avoiding direct contact, such as shaking hands
  • Observing social distancing requirements
  • Maintaining contact records
  • Deferring non-essential property inspections or conducting them remotely
  • Working with customers responsively on specific arrangements, where necessary

These temporary changes are intended to underpin the essential functions of the property market as well as to reassure customers that all necessary precautions are being observed.

While the presence of Coronavirus requires us to observe all sensible precautions, the business of real estate continues and it’s essential that we support customers who are selling their homes as well as the needs of our tenants and landlords.

In all other respects, we’re getting on with the job of selling, renting and managing property at First National Real Estate, and optimistically working with our community as Australia responds to the effects of Coronavirus.