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Sold: Lot 29, Tamworth, NSW

Sold: Lot 29, Tamworth, NSW

8.15%  2 Bedrooms 2 Bathrooms 1 Garage

Tamworth Property Investment

The Tamworth property investment is located just off the A15 Highway and only approx 1.6km from the center of one of Australia’s most famous country towns.
Tamworth is known as the Equine capital of Australia due to the high volume of equine events it holds as well as home to the Australian Equine and Livestock Events Centre and of course the annual Tamworth Country Music Festival, which is the second largest country music festival in the world. The apartment is located on the ground floor and consists of 2 bedrooms, 2 bathrooms, car park on title and balcony.

Fast Facts
Lease Terms: Lease to 30/09/2017 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next market review Oct – 2018)

Apartment Asking Price Bedrooms % Return Weekly Return Annual Return
Lot 29 SOLD 2 8.15% $328 $17,107

Approximate Owner Outgoings:
Council Rates: $1421 pa
Water Rates: Included in council rates
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $677 pa
*All measures have been taken to make sure that the figures quoted are accurate but it is the responsibility of the purchaser to do their own due diligence in checking these figures.

A hassle free property investment in a great location with a secure long term tenant on a commercial style lease.

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