Here is a property for your self managed superannuation fund.
It has investment and location being only 200 metres from Cooma’s CBD.
Your investment comes from the rental of two x two bedroom units with a 3rd income possible from a self contained, mezzanine bedroom timber studio unit at the rear.
The front building (circa 1941) is a double brick and stone structure. Internally there is much more charm with fireplaces, high ceilings and large rooms evident along with excellent service rooms.
In the same building, the second unit is a 2 bedroom design with an open living area and bathroom. At rear is a freestanding timber building which can provide further accommodation. It offers rustic charm with the use of re-cycled hardwood timber and corrugated iron.
The mezzanine sleeping room is very appealing. Kitchenette and tiled bathroom. In front of the building is a large timber deck (a sunny spot for relaxing and entertaining)
Investment Potential
Unit 1 $240 per week – Currently Vacant
Unit 1 $200 per week – Leased
Back Building $170 – Currently Vacant
$610 per week x 52 = $31,720 P.Ann