Invest or Downsize
This near-new, low-maintenance unit offers a compelling opportunity for investors seeking stability and growth in Tasmania's evolving property landscape. Currently leased to a government tenant, the property ensures consistent rental income, providing peace of mind for discerning investors.
Key Features:
• Modern Construction: Built with contemporary design and quality finishes, minimizing upkeep and appealing to quality tenants.
• Reliable Tenancy: Secured by a government tenant, offering dependable rental returns.
• Strategic Location: Situated in Shorewell Park, the property is in proximity to essential amenities.
Local Amenities:
• Education: Close to Hellyer College, Marist College, Stella Maris Primary School & Burnie Primary School, catering to families and educational professionals.
• Healthcare: Near the public and private Hospitals, and key healthcare facilities in the area.
• Shopping & Services: Close to Park Grove IGA as well as Hilltop Plaza Shopping Centre, providing supermarkets, pharmacies, and other essential services.
Investment Highlights:
• Attractive Rental Yield: The property currently offers a rental yield of 5.47%, surpassing the area's average for units. (Savings.com.au)
• Depreciation Benefits: As a near-new build, investors may be eligible for depreciation advantages, potentially enhancing after-tax returns.
Why Invest in Burnie?
Burnie is emerging as a focal point in Tasmania's economic development, particularly with initiatives like the North West Renewable Energy Zone and the Marinus Link project. These developments are poised to create jobs and stimulate economic growth.
The local property market reflects this positive trajectory, with units in Burnie yielding an average of 4.98%. (Yourinvestmentpropertymag.com.au)
This property represents a blend of immediate rental income and potential for capital appreciation, set against the backdrop of Burnie's ongoing transformation.
DISCLAIMER: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters
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