56 Telegraph Terrace THE GAP NT 0870
$1,200,000

DESCRIPTION

Located on a 1,210 sqm corner block at Telegraph Terrace and Gnoilya Street, this six-unit complex presents an outstanding investment opportunity in a convenient area.

Zoned Low-Medium Density Residential (LMR), the property comprises six well-appointed units, each featuring one bedroom, one bathroom, a functional kitchen equipped with an electric cooktop and oven, and a designated car parking space. The bathrooms include a shower, basin, and toilet, ensuring comfort and practicality for residents.

With a mix of tenanted and vacant units, there is immediate potential to increase rental returns. The property’s prime location—just minutes from the CBD, hospital, schools, and local shops—enhances its appeal to prospective tenants and solidifies its value as a smart addition to any investment portfolio.

Council Rate: $12,243.90 p.a.

Lease details:
Unit 1 - $350 p.w.
Unit 2 - $320 p.w.
Unit 3 - Rented privately
Unit 4 - $350 p.w. until
Unit 5 - $350 p.w.
Unit 6 - $350 p.w. until