Fannie Bay investment opportunity with estimated 6.8% Gross ROI (Return On Investment) Opportunity!

The Property
Just a short walk to Fannie Bay Esplanade, Lake Alexander, and East Point reserve. In the other direction also just a short walk from this property, you will find Fannie Bay shops, popular Cafes, and required amenities.

Recently refurbished this property features 2 spacious sized Bedrooms, 1 Bathroom with laundry combined, functional kitchen and is conveniently located on the ground floor with car parking directly in front of the property. Being located on the ground floor this property also features a back patio area, which is partially undercover allowing for a BBQ and outdoor setting.

Highlighted Features Includes:
* Safe and secure investment opportunity
* Affordable Price
* Premium Highly Desired location
* End Apartment within the building
* Fully Tiled
* 2 Bedrooms x 1 Bathroom x 1 Car Park
* New Ceiling Fans
* Functional Kitchen
* Rear Patio area
* Parking Directly in front of the property

The Return
Leased at $430 per week, until March 2025, providing an estimated Gross ROI of over 6.8%.

Other important information:
Area Under Title: 104 sqm
Year built: 1982
Council Rate: $1,600.00 (approx.) p.a.
Body Corporate: Whittles
* Admin Fee: $1,137.00 (approx.) p.q.
* Sinking Fund: $424.00 (approx.) p.q.
Status: Currently Leased at $430 per week, expiring March 2025
Preferred Deposit: 10% or variation upon request
Preferred Settlement: 45 days or variation upon request

For all enquiries or private inspection please phone Lydelle Wilson on 0448 380 207 or email lydelle@ofndarwin.com.au