Fully leased unit blocks in booming Katherine

Text '32FOU' to 0488 810 057 for all property information, including the information memorandum.

Situated close to the central hub of Katherine are these five (5) fully let strata apartments – providing excellent cashflow and great capital growth prospects. Rarely does an investment opportunity arise that presents such prime position, size and versatility – in a vibrant township that is at the gateway to substantial investment into the Territory.

• AAA tenancy to NTPFES (NT police) since completion
• Modern, high build quality and solid construction
• High build costs and excellent depreciation benefits
• Potential for explosive capital growth with NT’s earmarked future projects
• Comprised of 3 x 3 bedroom units and 2 x 2 bedroom units
• Katherine RAAF Tindal base starting 1.1Billion dollar expansion this year
• Excellent opportunity to acquire a high yield asset at the perfect time
• Gross Rental Income (pre-tax without depreciation) of $130,000 approximately
• Land Size 1250sqm
• Potential to also purchase adjacent unit blocks on separate title
• Individually strata titled
• Low body corporate fees

Please call or email listing agent Stewie Martin for the information memorandum. The auction will be held onsite and also live streamed from Real Estate Central, 39 Cavenagh street Darwin on the GAVL app for international and interstate buyers.
Register your interest today.

Area Under Title: 1250sqm
Zoning: CB (Central Business)