For the investors! A non strata titled property in a central location between the city, Casuarina and Home Maker - this property has potential. The block includes 5 single bedroom units all with their own private courtyard and some parking out the front - access via Bagot Road and a short commute to all major amenities.

The property is set back from the road with a small grassy front yard and a side parking bay with space for 1 car per unit. Each unit has security screens over the front door for added peace of mind.

Inside is an open plan living, dining and kitchen area to each - each has a variation of the same design with overhead storage space and under bench storage. Each unit has 1 bedroom and a bathroom with shower and vanity.

Outside is a courtyard with a small verandah that shelters the laundry amenities for each - the courtyard has a clothes line and space enough for some gardens and outdoor entertaining. The end unit number 5 includes a small walkway down to the courtyard at the rear.

Centrally located between the city, casuarina and Home Maker, its only 5 minutes to the iconic Nightcliff foreshore and coastline and close to schools for the kids, bus routes and the Fannie Bay area for a coffee on the weekends.

This is a great investment opportunity to bump the portfolio.

Brochure Points:

-Buy all 5 units - each has a tenancy in place
-Apartment 5 has a small side walkway leading to the courtyard
-Each apartment has a single bedroom and single bathroom
-Open plan living areas with dining room and kitchen
-Kitchens all vary - overhead storage and prep areas to work from
-Courtyards all have the laundry amenities hosted ender the eves
-Parking out the front - 1 per unit
-Easy access to main road for a quick commute in any direction
-For the investor - buy the whole block

Around the Suburb:

-Central location - easy commute through to Casuarina and Home Maker
-Day care up the road, 5 minutes from schooling options
-Bus routes run near by
-nearby to community parklands to walk the dog
-5 minutes to the East Point or Nightcliff coastline
-Weekend coffee at the Cool Spot

RENTAL INCOME
1.Unit 1: $280 per week, lease expires 3rd February 2026
2.Unit 2: $290 per week, lease expires 28th August 2025
3.Unit 3: $250 per week, lease expires 10th April 2025
4.Unit 4: $210 per week, periodic lease (Tenant moved in 2010)
5.Unit 5: $240 per week, periodic lease (Tenant moved in 2014)

Total Rent per Week: $1,270
$925,000 asking price
Yield: 7.2%

Unlock the full potential of this block of flats-with some strategical cosmetic upgrades, you can dramatically boost rental income, making it a prime investment opportunity!"

Other Info:

-Council Rates: Approx. $8,744 per annum
-Area Under Title: 870 square metres
-Year Built: 1972
-Zoning: LMR (Low-Medium Density Residential)
-Body Corporate: Self Managed
-Vendors Conveyancer: Lawlab
-Settlement period: 45 days or variation on request
-Easements: As per title
-Deposit: 10% or variation on request