1-4/12 Barnard Street

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About this property

An entire group of modern units excellent high security rental return government contracted head tenant. I dare you to find a better and more secure investment!! A highly lucrative opportunity to invest in four units on one lot. This rare offering could provide an instant retirement plan or a strong addition to your existing portfolio. Securely leased to Department of Planning, Transport and Infrastructure (DPTI) to government employees with a gross annual rental of $100,800 minus a 16.5% service fee. The service fee is designed to provide the investor with peace of mind as all maintenance is attended to and paid for by the lessee. The lessee will also organise contractors and meet costs of internal and external repainting and replacement of floor coverings at the end of the lease. Also, investors do not need to be concerned about a loss of rent if and when a sub-tenant moves out. The lessee (Head Tenant) continues to pay rent regardless of whether the property is occupied or not. No rental commissions, quarterly inspection fees, no agents' finders fees, etc. The beauty of this investment opportunity is all rental income goes into your account backed by the security of a government head tenancy contract. As they say this investment is as "safe as houses!" Boasting a healthy and secure rental return with room for growth, it enjoys a peaceful Kirton Point address adjacent to Nelson Square (due to be upgraded according to the Port Lincoln Council Open Space Strategy 2021-2026), this property investment provides reliable long-term appeal for investors, and high appeal to tenants inclusive of families, couples, and students. Enjoy annual depreciation benefits of approximately $17,500 per annum until 2054 based on a 2.5% depreciation rate on building costs (please seek independent advice from a qualified quantity surveyor). Built in 2014, concept designed by an experienced Property Valuer for maximum living and rental appeal, this style of property is very popular with tenants due to modern comforts and easy-care design. All units comprise 3 bedrooms with built in or walk in robes, 2 bathrooms, open plan kitchen/living/dining, and double garage under the main roof. Located close to Kirton Point schools, childcare, sporting complexes, and an easy commute and access to the CBD and Marina amenities. Contact Steve Kemp or Georgie Kemp for further information

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.