Fully leased unit blocks in booming Katherine

Text '37OSH' to 0488 810 057 for all property information, including the information memorandum.

Sitting on a large land parcel close to the central hub of Katherine are two blocks of modern, high build quality units. Offering excellent rental returns and significant opportunity for capital growth for an astute investor

• 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 4 x 2 bedroom units and 2 x 3 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 $150,000 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.

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