Located in Coolabah Crescent (North Cowra), these flats have been managed by L.J. Hooker for many years. If you’re looking to invest in real estate with good cash flow, then this could be your lucky day.

There are three 2 b/r flats and one 3 b/r. Each flat has an open kitchen / living area, a tiled bathroom, separate laundry and a carport. There are BIWs in each of the bedrooms. The three bedroom unit also has an ensuite and double garage.

They have been well maintained with some potential for updating to add value to your investment. There is also a stand alone brick and tile garage at the back of the block which has the potential to become a fifth flat with if the right owner was to purchase. (Subject to council approval)

The occupancy rate over the years has been outstanding, with all flats currently tenanted with 12 month leases in place. Two are on market rent and two are approx. $5 below market.
Cowra’s vacancy rate is low. (approx. 2.5%)

Property title is not strata tile and I do not feel they are suitable to be strata-ed.

Gross rent is $670 pw ($34,840 pa).

Land rates are approx. $3063.42 pa and water access charge is $186 pa.

You do the numbers BUT a gross return of over 7.7% is pretty good for a residential investment. (plus your capital growth)

A property of this quality, in this location, showing this return WILL NOT LAST LONG! CALL TODAY!

Call Adam Gambrill today on 0437 007 303 or email on agambrill.cowra@ljh.com.au for more information or to arrange an inspection..