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Unit 12, 67 Newcastle Rd, Northam

$185,000

2 1 58 m2

Investors Only - Long-term tenants

A fantastic investment opportunity currently with long term tenants lease expiring May 2025, occupied since 2013! Situated furthest from the busy road the unit features 2 bedrooms and 1 bathroom. Being located on ground level of the 12-unit complex the unit is homely with a fully fenced small patio with paved sitting area to the front and another patio at the rear with a modest private yard.

Current tenancy is achieving $300 per week with lease expiry 31st-May-2025, relevant notice is required for viewings.  8.4% Gross Return

Built in the 1980’s the characteristic brick walls of this time extend through the unit. The open plan living features led lighting and a reverse split system reverse cycle air conditioner and carpet in the lounge with a wall unit aircon and gas cooking in the kitchen as well as a ducted evaporative air conditioner throughout.

Both bedrooms are carpeted with ceiling fans. All wet areas are tiled, with the bathroom consisting of a shower, toilet and vanity. The electric hot water system is housed under the rear patio.

The complex houses 12 units with this unit being approx. 70m² with the yard being approx. 58m² for a total approximate area if 128m².

Shire Rates: $1,458 approx. per annum         Water Rates: $1,564 approx. per annum, water consumption is paid through Strata. With sewerage available and connected.

Strata Levies: Currently: Owner pays $1,200 per quarter – Only administration fund

Estimate beginning July 2024: Administration Fund $3,419 per year Reserve $1,170 per year for an estimated total of $4,589 per year ($1,147.25 pq or $382.42pcm).

                

Disclaimer - Whilst every care has been taken in the preparation of this document, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters.
Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.

All information provided in the document regarding boundaries/fences etc. are an estimate only and the prospective purchases should make their own enquiries to ensure they are satisfied with their purchase.

2 1 58 m2

Details

Address Unit 12, 67 Newcastle Rd, Northam
Price $185,000
Property Type Residential
Property ID 1922
Category Unit
Land Area 58 m2
Floor Area 70 m2

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What our clients say

I has a good experience of dealing with Jessica. She was always helpful with every aspect of the purchase. Verified by RateMyAgent

Michelle Bettles

Eric was very informative to both parties, professional, courteous and punctual for inspections. . He was very prompt on informing a few requirements prior to settlement. Very happy with the outcome.. Verified...

David Wansborough

Jess was very informative, helpful and approachable.She was was happy to answer or follow up on any questions we had,highly recommend  Verified by RateMyAgent

Phillip and Samantha-Jo Edmonds

Right from our very first phone conversations, both Bob and Morgan  were professional, informative and supportive , which set a very trusting and open platform  for us to all communicate. Morgan...

Rachel Miller & Paul Newdick

It was a pleasure to work with Bob and his team during the purchase of property I had set my sights on. Bob is old school and takes his profession seriously. I felt I could trust his judgement in regard...

Ardina Theodora VAN DE VEN

Excellent agent I have ever met! Super friendly, caring Ang very patient with all my questions. I strongly recommend her to any buyers!  Verified by RateMyAgent

Li Ying