Calling all Investors – 9.8% return!!

9 Finnerty Street, East Carnarvon, 6701

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899,950 AUDEst. Mortgage: AUD 6,324/monthFor Sale
  • Ownership Type Unitblock
  • Property Area 4,539 sqft
  • Bedrooms 10
  • Bathrooms 5
  • Furnished No
  • Last Updated 15th Jan, 2023

Amenities

Feature that provides comfort, convenience, or pleasure
  • Carport: 10

Property Overview

9.18% gross annual return certainly will catch your attention! Presenting a 5 unit complex with potential room for expansion all for sale. All five of them are currently leased (two by the Government body) giving you full on return that every investor is looking for.<br/><br/>Rental income:<br/><br/>Unit 1 - $330 per week, rented out by the GROH<br/>Unit 2- $310 per week, rented out by the GROH<br/>Unit 3 - $340 per week ($350 per week starting 2023) lease until 01/01/2024<br/>Unit 4 - $300 per week <br/>Unit 6 - $310 per week on a periodic lease<br/>Total annual gross income – $82,680 (estimate)<br/><br/>Key features include:<br/>Unit 1<br/>• Open plan kitchen/dining/living with split system Air conditioning unit<br/>• Private courtyard <br/>• Two bedrooms both with an AC units<br/>• Solar water system<br/>Unit 2<br/>• Open plan kitchen/dining/living with split system Air conditioning unit<br/>• Private courtyard <br/>• Two bedrooms both with an AC units<br/>• Solar water system<br/>Unit 3<br/>• L-shaped kitchen/dining/living featuring an AC unit<br/>• Two bedrooms both with wall mounted AC units<br/>• Verandah <br/>• Private courtyard <br/>• Solar water system<br/>Unit 4<br/>• L-shaped kitchen/dining/living featuring an AC unit<br/>• Two bedrooms both with wall mounted AC units<br/>• Verandah <br/>• Private courtyard <br/>• Solar water system<br/>Unit 6<br/>• L-shaped kitchen/dining/living featuring an AC unit<br/>• Two bedrooms with AC<br/>• Workshop <br/>• Solar water system<br/>Outside<br/>• Ample parking<br/>• Space to potentially develop once sewage is connected <br/><br/>Carnarvon is a coastal town located approximately 900km north of Perth where the Gascoyne River meets the Indian Ocean. The town offers a shopping centre, airport, the Carnarvon Town Oval, numerous other amenities and eating places and is a popular tourist hot spot.<br/><br/>Call now for more info.<br/><br/>Rates:<br/>Shire $9900.00 per annum (estimate, incl. ESL)<br/>Water $1389.90 ($277.98 each) per annum (estimate)<br/>

Location on Google Map

9 Finnerty Street, East Carnarvon, 6701

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