Located in Darling Street (Central Cowra), this great investment property has been managed by L.J. Hooker for many years.

If you are looking to invest in real estate with a good cash flow, then this could be your lucky day. This is a unique opportunity, as we are offering you the chance to live in AND rent out.

The property consists of two 1 b/r flats and one 3 b/r residence. Each flat has an open kitchen / living area, a tiled bathroom, laundry, carport and there are BIWs in the bedrooms.

The three bedroom residence boasts a main bathroom plus ensuite, two sundrenched patio’s, split system air conditioning, plenty of living space plus much much more. It would be more than comfortable for any land lord to occupy and collect the rent from their tenants below. The property’s great location contributes to the high occupancy rate. It is well positioned to the main street and services such as doctors, pubs, clubs and shops.

It has been well maintained with some potential for updating to add value to your investment or comfort for your own use.

The occupancy rate in for this property over the years has been very good. The flats are currently tenanted returning $105 and $115 pw respectively. And the 3 bedroom residence is now rented for $250 pw allowing you three separate sources of income from the one property.

Cowra’s vacancy rate is low. (approx. 2.5%).

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

The current gross rent for the property is $470 pw ($24,440 pa).

Based on the current list price this is an approx gross return of 8.3%. (plus your capital growth)

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