7/14 Makagon RoadBerrimah NT 0828
Property Details for 7/14 Makagon Rd, Berrimah
Last Listing description (February 2020)
Long Term Tenant. Great Investment Opportunity.
Leased until January 2020 with a further 5 year option, this tenant has been happily leasing this property and providing the owner with a secure income- currently $23,724.73pa. Priced at only $320,000 it shows a healthy return of 7.4%.
Offering ample yard space (fully fenced!!) of 289m2, as well as a warehouse of 172m2 which features dual roller door access allowing exceptional cross ventilation, high clearance, clear span internal space and full kitchen and bathroom facilities with shower.
A great affordable investment, you can add to or start your own industrial investment portfolio today.
Call Martin 0417 850 933 to arrange an inspection.
Property History for 7/14 Makagon Rd, Berrimah, NT 0828
- 31 Jan 2019Listed for Sale $320,000
- 21 Apr 2017Listed for Sale $320,000
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About Berrimah 0828
The size of Berrimah is approximately 9.8 square kilometres. It has 6 parks covering nearly 2.3% of total area. The population of Berrimah in 2011 was 1,240 people. By 2016 the population was 769 showing a population decline of 38.0% in the area during that time. The predominant age group in Berrimah is 10-19 years. Households in Berrimah are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Berrimah work in a trades occupation. In 2011, 32.7% of the homes in Berrimah were owner-occupied compared with 39.3% in 2016.
Berrimah has 1,113 properties. Over the last 5 years, Houses in Berrimah have seen a -1.12% decrease in median value, while Units have seen a 6.78% increase. As at 30 September 2024:
- The median value for Houses in Berrimah is $436,917 while the median value for Units is $396,006.
- Houses have a median rent of $780 while Units have a median rent of $415.
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