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Sold: Tamworth, NSW

Sold: Tamworth, NSW

7.23%  1 Bedrooms 1 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 first floor and consists of 1 bedroom, 1 bathroom and balcony and had a kitchen upgrade in 2013.

Fast Facts
Lease Terms: Lease to 30/09/2018 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 36 SOLD 2 7.53% $328 $17,097
Lot 8 SOLD 1 7.23% $242 $12,586

Approximate Owner Outgoings:
Council Rates: $696 pa
Water Rates: $972 pa
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $618 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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