Farrar Median PriceThe House price is 2% higher than last year. Surrounding suburbs | Map | Nearby prices | Property Description: | 6.5% gross return plus annual rental reviews. Locked in! Buy off the plan now and save! Contracts are available now and construction starts this June for this well-priced 2 bedroom investment property. is Located in Palmerston, one of Australia's fastest growing cities and quickly becoming the preferred place to live for people working in the defence, oil & gas industries, will ensure high capital growth. If you are worried about investing due to rental vacancies the 10 year Government Head Lease on this property gives the investor the security and peace of mind of rent paid 52 weeks a year for the next 10 years. The head Lease also includes some other amazing features: * Option for the NTG to extend another 5 years * Rent paid 52 weeks a year. Guaranteed! * No tenancy maintenance during the lease period * Annual rental review * Rent cannot drop below $520 per week during the lease period. * Rates $1535 per annum * Body Corporate $3232 per annum Typically, some of the risks associated with investment property are the volatility of the rental market and unexpected costs associated with maintaining the property. Get the best of both worlds with locked in rental returns, and a great area for Lot/Plan No: 590/13031/14 Lot/Plan No: 590/13031/14 | Planning History: | | [11 Jan 2014] 20 x 2 and 3 x 3 bedroom multiple dwellings in 7 single storey buildings | Search neighbour's planning permit |
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