Opportunities to acquire a fully tenanted residential complex in a sought-after Devonport location are becoming increasingly difficult to find, making 14 Broadhurst Avenue a compelling addition to any investment portfolio.
Set on a convenient parcel close to the heart of Devonport, the property comprises five self-contained apartments, all currently leased and providing immediate rental income from day one. With multiple tenancies in place, investors benefit from diversified income streams and reduced exposure to prolonged vacancy periods.
The complex includes a mix of accommodation options consisting of a generous three-bedroom apartment, a two-bedroom apartment and three one-bedroom apartments with additional multipurpose rooms that can be utilised as a study, home office or guest accommodation.
Thoughtfully improved over time, a number of the apartments feature updated kitchens, modernised bathrooms and fresh, light-filled interiors that continue to appeal to quality tenants. The property's low-maintenance construction further enhances its investment credentials, helping to minimise ongoing upkeep while maximising returns.
Positioned within easy reach of the Devonport CBD, shopping centres, schools, public transport and everyday conveniences, the location has consistently attracted strong rental demand and excellent occupancy levels.
Delivering a gross return in excess of 6% with secure tenancies in place, this is a rare chance to secure a substantial income-producing asset with both immediate cash flow and future upside in one of Devonport's most accessible locations.
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