CURRENT BID - $1,130,000 - Reserve has been met and the property will sell. The Auction is Tomorrow 11am"For sale by Openn Negotiation (flexible conditions auction conducted online). The Openn Negotiation is underway and the property can sell at any time. Log onto www.openn.com.au and search 48 Kurrajong Crescent, Nightcliff.
Then register to bid - Its that easy!
Located 350 metres from the sensational Nightcliff foreshore this block of 6 residential units is being offered for sale for the first time in some 30 years. Meticulously maintained by the current owner, the block of four x 2bedroom and two x 1bedroom units are perfectly located to secure long term tenants.
Split system air conditioning throughout, upgraded tiles and kitchens has assisted in attracting good quality tenants throughout the history of the current 30 plus year ownership. Located in the great location of Nightcliff a short stroll to the foreshore, walking tracks and being next to a park make this ‘6pack’ of residential units one of the best you will see.
Current gross passing rental $100,620 p/a with rents between $280 per week to $350 per week and some long term tenancies up to 20 years.
The 2 bedroom units are spacious and all have 1 bathroom with laundry, built in robes to the bedrooms and renovated kitchens. The 1 bedroom units are also spacious with 1 bathroom, built in robes and renovated kitchens.
Gross passing rent: $100,620 p/a
Council rates: $8,880 approx. p/a
Power Water: $7,551.87 approx. p/a
Landlord Insurance: $661.93 approx p/a
Building Insurance: $4498.07 approx. p/a
Easements: Sewerage Easement to PWA
An inspection can be arranged by appointment, call Jeremy O'Donoghue on 0407 080 067