5/89 Farrar Boulevard, Farrar, NT 0830

This property is leased to the NT Government at $520 per week

Right to renew for a further 5 years lies with the government with a decision by December 2025.

All routine maintenance is covered by the government under the lease which makes for a hassle free investment.

A modern unit in this location will lease well regardless of whether the government exercises lease extension or not.

On offer a Two-bedroom low maintenance ground level unit with parks, shops and services all close by.

This single level unit features an open-plan living area, a tidy kitchen, and a bathroom with integrated laundry, complemented by covered entertaining and an easy-care yard.

Summary of key features:
• Effortless ground level unit set within neat boutique complex
• Well-presented interior is fully tiled and accented by neutral tones
• Open-plan living space opens out to covered verandah and yard
• Kitchen features modern appliances, pantry and ample bench space
• Master offers built-in robe, second bedroom, also with built-in robe
• Large bathroom with framed glass shower and integrated laundry
• Healthy depreciation benefits for investors being only 9 years old
• High yielding set and forget investment

Accentuated by neutral décor and fully tiled throughout, this attractive unit delivers neatly presented, low maintenance living to buyers seeking their first property, those looking to invest, and those wanting to downsize.

Moments from parks and public transport, the unit is within easy reach of Palmerston Regional Hospital and Sanctuary Lakes Park, and is just four minutes by car from Palmerston CBD.

Viewing by qualified private inspection.

Council Rates: $1,853 per annum (approx.)
Area Under Title: 160 square metres
Zoning: LMR (Low-Medium Density Residential)
Lease Amount: $520 per week
Body Corporate: North Management
Body Corporate Levies: $1,342 per quarter (approx.)