6/33 Bauldry Ave, Farrar is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2016. The property has a land size of 149m2 and floor size of 217m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Brand new classy townhouses with 9 year lease to NT Government
A great opportunity for astute investors looking for the security of a 9 year lease to an A grade tenant, great cash flow, high depreciation investment with great growth prospects strategically located within close proximity to the new Palmerston shopping & hospital precincts.
Key features include:
Building Size: 217 m2 under roof
Body Corporate: $560 per qtr made up of:
Admin Fund $460 per qtr Building insurance, electronic gate, pool & grounds maintenance, common electricity & water, pest control, fire system, caretaker
Sinking Fund $100 per qtr to fund future capital improvements
Council Rates:$1200 per annum
Lease Details: $540 a week reviewed annually & can t go backwards - Expires 2025 structured as a 6 + 3 to NT Gov
The size of Farrar is approximately 1.5 square kilometres. It has 4 parks covering nearly 7.2% of total area. The population of Farrar in 2011 was 1,409 people. By 2016 the population was 1,500 showing a population growth of 6.5% in the area during that time. The predominant age group in Farrar is 30-39 years. Households in Farrar are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Farrar work in a trades occupation. In 2011, 56.5% of the homes in Farrar were owner-occupied compared with 52% in 2016.
Farrar has 680 properties. Over the last 5 years, Houses in Farrar have seen a 24.90% increase in median value, while Units have seen a 32.79% increase. As at 31 October 2024:
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