For Sale

1,3 and 4/22 Bishops Drive, NEWNHAM

$450,000

Buy A 2 Bedroom Unit At $149k Or All Three Units At $450k

This unit development is located in Newnham which is a very sought after area to rent. The northern suburbs of Launceston are where young people look to rent when going to TAFE or our university in Invermay. This unit development has two buildings, each of which contain two co-joined units. Each unit is strata title freehold and on individual separate titles. Three units are offered for sale, individually at $149k each or $450k for all three. Unit 2 is not available for sale as this is not owned by the current owner.
There is shared double carport attached to the side of each building and there is a small grassed area for each unit to access on each separate title.
There is a gate at the back of the units to allow access into a large park over the back fence.
Units 1 and 3 are currently rented for $190 per week and unit 4 attains $200 per week. The units were built in 1985 and in good original condition. If upgraded with new kitchens and bathrooms, the units could receive around $230 per week.
There are no body corporate fees in place. The outgoings amount to approx. $13,000 per year and the rental income is around $30,000 per year for all three units combined.
The local bus stop is nearby and is well suited to young people who may not own their own car with the local shopping centre being only a couple of kilometres away.

Other features: Built-In Wardrobes,Close to Schools,Close to Shops,Close to Transport

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