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Offering a fantastic combination of two great income streams, 100% NBS rating, low levies, quality construction and a great list of chattels, 402 and 402a Dixon Street need to be on the must see list of investors looking for great cashflow and parents looking for quality accommodation for their kids!
The building has an artistic and industrial vibe, adorned with epic artwork throughout and so much natural light streaming in. Designed by Archaus Architects and finished off in only 2019, The DXN Apartments have a 100% NBS rating, as well as relatively low body corporate levies and a proactive body corporate ensuring peace of mind for years to come.
The numbers work! Enjoy the benefits of two sets of already sitting tenants with the main apartment rented out until november 2025 at $500 per week and the studio rented for $420 per week on a period agreement. At the BEO price guide, this offers an exceptional gross yield of 6.8% that must be considered.
The stylish main apartment features one double bedroom with built in wardrobe as well as rustic timber flooring and nice new carpets in great condition. The studio offers a compact open plan set up.
The dual key set up features one apartment and one studio with a hallway for separation. Unlike many, the set up works well and is a great opportunity to live in one and rent out the other, have a bolthole that generates income, or just a high yielding investment property.
Having owned the property as a reliable high yielding investment, our motivated vendors have clear instructions they are ready to move on and invites offers.
For sale by deadline closing February 12th at 1pm, 1/77 Thorndon Quay. Contact Christy Kimble on [email protected] or 0277275136 for more information.
Body Corporate Levies $7019.54 per annum.
BEO $695,000
