Reference number 128262 Back to search results
26 Ada Street TRIABUNNA, TAS
Investment Opportunity
Price: $498,000
An excellent opportunity for the astute investor to purchaser four brick units located in a popular area of Triabunna.
The units are exceptionally well maintained and low maintenance, consisting of two bedrooms, open plan living and separate bathroom.
Triabunna as a township supports major businesses hence, ongoing employment opportunities ensuring the rental demand is quite strong. The property is well tenanted and has a low vacancy rate, each unit achieving $150 per week with some scope for an increase.
Based on the current letting figures the property is achieving a gross return of 6.3 % which is very competitive in todayis property investment market.
In addition there is also a further opportunity to increase the capital value of the property, if each unit was stratum titled. The existing owner has made some enquiries regarding the feasibility of this strategy but would be subject to Council approval.
We welcome your enquiries now.
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