28/35 Bunggulwuy Close, Nhulunbuy NT 880

Welcome to 28 (Lot 1578 , Units 16-31) and 35 (Lot 1579, Units 1 - 35) Bungggulwuy Close, Nhulunbuy. This unique and attractive opportunity for investors looking for a large unit complex, here it is.

Located at the bottom of Mt Nhulun, this property is a complex of 31 X 1 Bedroom units, on 4,660m2 of land.

The entire property is under lease, providing a secure rental return of up to $725,000 gross p.a. (approx) until 2025. This is a rare opportunity to invest in a solid income generating property will excellent long-term rental potential, all whilst located in a desirable location close to local schools, shops, transport and other amenities.

This is an ideal investment for seasoned investors and newcomers alike, providing an opportunity to enter the property market with minimum effort.

Property Features:
* The units feature an open plan living and dining area
* Modern galley style kitchen
* Split system air-conditioning throughout
* Spacious bedroom with built in robe
* Individual drive-up parking in front of each unit, making it easy to come and go
* Solar hot water
* Private front and back verandas

The units are perfect for a single or couple or staff accommodation. The grounds are landscaped and reticulated with a private through road for traffic.

Don't miss out on this exclusive opportunity to invest in the prosperous Northern Territory real estate market. Contact us today to schedule a viewing of this amazing property!

Other important information:
Council Rates (Units 1-31): $50,700 p.a. (approx.)
Year of completion: 2007
Managed: Yes by Gove Real Estate
Ground maintenance is carried out by Owner
Easements as per Title (Common Property): Electricity supply Easement to Power and Water Corporation
Deposit: 10% or variation upon request
Status: Tenanted with varying lease end dates up to $650,000p.a. (approx.)