Simply one of the best investments to come to the market.

This block of seven residential flats offers variety with three different layouts. There are three two storey two bedroom units plus three single storey two bedroom units and a one bedroom unit.

Located at the city end of Kooringal, tenants have the convenience of doing their shopping at either the Kooringal Mall or in the city centre. Public transport is a short walk away on Lake Albert Road which also connects with buses to Charles Sturt University.

The property is occupied with a mixture of tenants including two long term tenants who have resided at the property for over 15 years.

Potential to increase income through renovation with only one unit (unit7) having been renovated in recent years.

Strata titling is an option (subject to Wagga City Council Approval).

Unit 1 – Lease Commenced 21/09/2016 – Lease Expires 20/09/2017 – Rent $195 pw – Single Level – 2 bedroom unit
Unit 2 – Vacant. Up to $220 pw – Two Storey – 2 bedroom unit
Unit 3 – Lease Commenced 30/04/2014- Lease Expires 20/06/2017 – Rent $220 pw – Two Storey – 2 bedroom unit
Unit 4 – Lease Commenced 20/10/2000- Lease Expires 18/10/2016 – Rent $180 pw – Two Storey – 2 bedroom unit. Below market rent
Unit 5 – Lease Commenced 14/05/1990 – Lease Expires 6/06/2017 – Rent $155 pw – Single Level – 1 bedroom unit. Below market rent
Unit 6 – Lease Commenced 23/03/2016 – Lease Expires 27/03/2017 – Rent $200 pw – Single Level – 2 bedroom unit
Unit 7 – Lease commenced 09/09/16 – Lease Expires 08/09/17 – Rent $220 pw – Single Level – 2 bedroom unit. Renovated.

Land area: 1,606.36 square metres
Zoned: R3 Medium Density
Council Rates: $7,268.90 per annum
Estimated Annual income: $72,280 per annum

Investment opportunities of this quality are rare and keenly sort. Enquire today for more information.