Please request our stock list update from the 10th January 2019.
We have a few of this project left, the property managers have been working hard over the break, all properties sold have tenants in place, several have also been tenanted that are still available.
As of today, townhouses rented but not sold:
Lot 11 $500 per week lease expiry 15/3/20
Lot 20 $500 per week lease expiry 13/11/19
Lot 29 $500 per week lease expiry 26/1/20
All three of these are $499,999, making the gross yield 5.2%. As a bonus, your clients will not pay letting fees and achieveing rent from day one of their investment!
A reminder of the highlights of this project:
This project stands out among all of those that I have seen in this price bracket.
• Sale prices around 500k
• Bank vals on the dollar
• Blue Chip Suburb
• Very high median incomes
• High value housing area
• High ratio of owner occs
• Easy access to all amenity – shops, schools, train, road
The project is a boutique size in an area with very little medium density build. All units are titled.
All are 3 bed, 2.5 bath, single garage. Of the 38 units: 12 are street fronting, 26 face into the development. 32 have an extra car space on title. 4 buildings are triplex, the remaining are all duplex. The development is stepped , creating feature levels within the project and giving good air and light space around. Great rental returns expected 5.2%, with onsite management and maintenance.
2.6% vacancy
Median House price is $765,000
Rent expectation of $490-525/week (5.2%)
Only 17 Remaining – Enquire Now!
Inclusion Highlights
Light hallways and stairwells
Roomy and airy tiled alfresco areas
Stone bench-tops throughout kitchen and bathrooms
Very large external private use areas in most cases
Large walk through robes to several floor plan type
Security screening to ground floor
Request for Referral Agreement
The developer is a straight shooter, in my years of dealing with him he has always followed through on his word. This is rare and invaluable in this day and age!
Quite simply, I think this is one of the best developments available today at a very reasonable price bracket.
If you would like to discuss this project further, please call or email anytime.
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