ELEVEN STRATA TITLED APARTMENTS OFFERED AS ONE AS A GOING CONCERN
A rare and unique offering sitting on a prime corner allotment (32nd Fourth Street) close to the central hub of Katherine. Constructed to the highest standards and with high demand and low supply of quality housing in Katherine – gives this opportunity a high potential for capital appreciation, further supported by a low vacancy rate (1.3% June Qtr) and quality mining and defense projects pushing forward into the foreseeable future.
11 Modern apartments of high build quality and solid construction – completed in 2015
AAA tenancy to NTPFES (NT police) since completion in circa 2015
Comprising of individually strata titled 6 x 2 bedroom units and 5 x 3 bedroom units
Gross Rental Income $284,437.23 ($258,579.31 exc. GST) approximately
The vacancy rate for June 2021 Quarter was just 1.3% which was a fall of 0.4% for the quarter and down 2.1% for the year.
Katherine - Major transport hub strategically located on a junction road connecting the Ord River and Kimberley Region of WA, Alice Springs and Adelaide to the South and Queensland to the east.
RAAF Tindal base progressing with $1.1bn expansion
Origin and Santos predicting 500 trillion cubic feet-plus of gas in Beetaloo Region (180km’s south/east Katherine)
Land Size: 2,500sqm
Zoning: CB (Central Business)
For Sale by Expressions of Interest - Closing Thursday 30th September at 4.00pm(CST)
Please contact Daniel Harris for a copy of the Information Memorandum or any further information - 0430 350 631.
Inspections Strictly By Appointment
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