$ 1,200,000.00
3131 South Arm Road South Arm TAS 7022
$1,200,000
With fantastic street appeal and located in the beautiful beachside suburb of South Arm, is this rare opportunity to purchase a great, low maintenance investment property. Situated on one title, this property contains 3 units that currently deliver a total annual yield of approximately 4.7%, with excellent long-term tenants already in place and further potential growth following the end of the current leases with rental appraisals for each unit comfortably sitting above $400pw.
This property was built in 2017 by the current owner and was designed with long-term tenants in mind. All the units contain ample-sized bedrooms, all with built-in wardrobes and a main bathroom with bath and separate shower.
The units all have an open-plan kitchen and dining area with floating timber floors and high-quality, electric appliances. With neutral tones throughout, it is a perfect blank canvas for tenants to feel at home. The units are light filled with all day sun and have a fully-fenced yard with a garden shed and a wall mounted washing line each.
Your tenants will be safe knowing they are protected from the elements with fire walls between each unit, fly screens on the windows and rear doors and their own single, remote controlled garage. Each unit is heated and cooled by reverse cycle systems and with double glazing and full insulation, you are guaranteed optimal comfort and energy efficiency all year-round.
With separate electricity metres and individual water tanks, this simplifies electricity and water usage.This would be a great option to live in one and rent the other two out or a great SMSF option and set you up for retirement. It is beautifully presented with double height bricks and a well kept front yard, with plenty of visitor parking.
Unit 1 - $360 per week - Expires 06/04/2024
Unit 2 - $360 per week - Expires 11/10/2025
Unit 3 - $360 per week - Expires 05/2024
Located at the entrance of South Arm, opposite the extremely popular local cafe Touch of the MO, the property is within close proximity to all the local services including the general store, post office, pharmacy, hairdresser and gym. With a bus stop right out front, 2 minute walk to the beach, a local primary school nearby and further growth potential with local development of facilities taking place along with the incredible Arm End golf course, this property will be popular with tenants and be a stable income for years to come.
