LJ Hooker Queanbeyan | Jerrabomberra | Googong is delighted to present for sale this rare opportunity to secure an entire complex of 8 units.

Located in a prime location only a short walk to the centre of Queanbeyan and arterial roads leading to Canberra.

Neat single storey complex on single title comprising of 8 x 1-bedroom units all with internal laundry facilities and allocated carports.

All units occupied and fully tenanted by long term tenants. This property is under a single title and not bound by strata fees.

Level parcel of land comprising 1,700m� in total with potential for future strata subdivision and each unit with own private courtyard an option. (Subject to Q.P.R.C approval.)

Tenancies:

Unit 1 leased at $300 per week

Unit 2 leased at $300 per week

Unit 3 leased at $300 per week

Unit 4 leased at $300 per week

Unit 5 leased at $300 per week

Unit 6 leased at $300 per week

Unit 7 leased at $300 per week

Unit 8 leased at $300 per week

Estimated Total Gross Income:

$124,800.00

Estimated Annual Expenses:

QPRC Rates $7,000.00

Rental Agent Fees $8,663.00

Insurance Costs $2,000.00

TOTAL= $17,663.00

Estimated Nett Income:

$107,137.00

Estimated Potential Income Yield:

Purchased at $1.795 million = 6% Nett

NO BODY CORPORATE FEES - SINGLE TITLE

Ideal for Self-Managed Super Fund or astute investor. Contact our office today to obtain an investment report or to schedule an inspection.