-Located within an easy 3.5hr drive from Sydney, just over 1hrs drive from larger regional cities of Orange and Bathurst and well-appointed to all local conveniences of Cowra.
-This small unit complex of three units is easy to manage for yourself, offering a great opportunity for further capitalizing with some simple renovations, to help attract a higher rental return and value.
Unit one
-Two bedrooms, simple layout being electric kitchen, small living/dining, laundry with recent 101 ltr electric hot water system, gas heating point, bathroom and the units own carport. Average, completely original condition. CURRENTLY TENANTED
THIS TENANT MAINTAINS THE COMMUNAL LAWNS, INCORPORATED IN THEIR RENT
Unit two
-Two bedrooms, simple layout being electric kitchen with island eat-in bench, small living/dining with reverse cycle air conditioning, recently updated carpet, laundry with recent 101 ltr electric hot water system, gas heating point, bathroom and the units own carport. Very good condition. Recently been painted. CURRENTLY TENANTED
Unit three
-Two bedrooms, the second bedroom is currently being occupied as a lounge room. Layout being electric kitchen, small living/dining, laundry with recent 101 ltr electric hot water system, gas heating point, bathroom and the units own carport. Very good condition with a very modern kitchen. CURRENTLY TENANTED
-Communal rear lawn, garden shed for storage and clothes-line.
-Located nearby to a convenience store, sporting fields, schools, variety of other business and within 5 mins drive to Cowra's main shopping precinct.
TOTAL CURRENT GROSS YEARLY RENTAL INCOME $24,960
THE RETURN ON THIS RENTAL AMOUNT, BASED ON THE ASKING PRICE OF $325,000 IS 7.68% gross.
Additional Local and investment information:
Cowra has operated at very low vacancy rates for tenants, and low rental availability in the town. Cowra has been regarded within the top 10 regional towns within Australia for property investment', mainly due to low vacancy, stability within the market, high demand and low purchase prices'.
FULL INFORMATION MEMORANDUM AVAILABLE ON REQUEST FOR INVESTORS
-Land size 752.5m2
Contact Josh Keefe 0439 269 449 or josh.keefe@raywhite.com
Ray White Emms Mooney COWRA office
