Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860
 Tennant Creek, NT 0860

Tennant Creek, NT

Sold for $152,500

Sold on 2 Mar 2016

The savvy investor knows that a property with this much potential simply will not last long in today's market regardless of its location. So it's not in Darwin CBD and Tennant Creek sounds a little far away? Well, known for its attractions including the Devils marbles, Mary Ann Dam, Battery Hill Mining Centre and the Kyinkka Nyunyu Culture Centre, these apartments are in a great spot for industry, tourism and a local hub for FIFO workers.

What's so hot about it I hear you ask?. What about a 9% + gross income - have we got your attention now!? I bet you can't find a savings account with those sort of returns.

Set in the popular Tennant Creek township, directly opposite from the Tennant Creek High School and close to parklands and amenities, there are 8 of these one bedroom apartments for sale that come with a list of perks that will knock you for 6.

Check this out:
* Zero vacancy for 10 years - guaranteed
* Zero repairs and maintenance - guaranteed
* 2 year option to renew if the terms suit your needs 5 Ch
* Annual renewal with a "ratchet clause" so the rent never decreases
* Full depreciation schedule and tax benefits
* In excess of 9% return - let's see a savings account this those types of returns
* Located opposite the Tennant Creek High School, close to parklands and
* Located in a new subdivision
* Priced to sell with a steady rental return of $330 pw

If you have read the market magazines then you know this is a little hot spot that many don't know about yet.

What about the apartments themselves:

* Brand new subdivision and new complex
* Winding driveway with low maintenance gardens
* Parking at the front door of the apartment
* Open plan living and dining rooms
* Compact kitchen includes overhead storage
* Cleverly concealed laundry facilities
* Outdoor storage box in the courtyard
* Wall mounted clothes line on the rear fence line
* Private courtyard with infamous red dirt and small gardens
* Neat bathroom has a corner shower and central vanity


  • Property Type: Unit