LJ Hooker Queanbeyan | Jerrabomberra | Googong is delighted to present for sale this rare opportunity to secure an entire complex of 7 units.

Located in a prime location only 2 blocks from centre of Queanbeyan and extremely close by to the Queanbeyan River.

Neat double storey complex on single title comprising of 6 x 2 bedroom units and 1 x studio along with shared laundry facilities, 2 x store rooms and allocated car space/carports.

All units occupied and fully tenanted by long term tenants and all but one lease are held with a NSW Government Department.

Level parcel of land comprising 1,043m² in total with potential for future strata subdivision an option, subject to Q.P.R.C approval, Zoning – B3 – Commercial Core.

Unit 1 – 2 bedroom leased at $431 per week Increase to $450 per week
Unit 2 – 2 bedroom leased at $350 per week Increase to $450 per week
Unit 3 – 2 bedroom leased at $350 per week Increase to $450 per week
Unit 4 – 2 bedroom leased at $431 per week Increase to $450 per week
Unit 5 – 2 bedroom leased at $350 per week Increase to $450 per week
Unit 6 – 2 bedroom leased at $350 per week Increase to $450 per week
Unit 7 – Studio leased leased at $180 per week Increase to $200 per week

Gross annual rental income = $126,984 @ Increased rents $150,800
Estimated annual expenses = $30,907
Estimated net annual income = $96,077 @ Increased rents $119,893

NO BODY CORPORATE FEES

Excellent net yield and ideal for Self Managed Super Fund or astute investor.