16-18 Smith Street, Devonport TAS 7310

Property Details: • Type: Block of Units

• Bedrooms: 2 • Bathrooms: 1

Description: Safeguard your future investment in Bricks and Mortar Safeguard your portfolio in one of the safest investment sectors Safeguard your passive income. This particular CBD located property has outperformed many commercial superfunds for its owner over the last 14 years and they are now in the retiring phase of de-investing. Current rent appraisals see the units comfortably reaching $320PW giving a gross yield of over 5.5%. Each 2-bedroom 1-bathroom unit has been renovated in recent times allowing the complex to enjoy a low maintenance future. Featuring a generous open plan kitchen dining living space. The neutral tones throughout and light filled with all day sun and off-street parking invites relaxed city living. Recent improvements include updated wiring, plumbing, new roof and guttering. This unit complex is ideally located close to schools, gym, shops, restaurants, sporting facilities and a 5-minute stroll to Rooke St and the city's main commercial centre. This property is very popular with tenants for all the above reasons guaranteeing a stable passive investment income for years to come. For further information please contact the listing agent Leigh Jordan today. One Agency Collins has systems and procedures in place to verify the accuracy of the information provided, however, clients should rely on their own enquires.