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 weekUnit 2 leased at $300 per weekUnit 3 leased at $300 per weekUnit 4 leased at $300 per weekUnit 5 leased at $300 per weekUnit 6 leased at $300 per weekUnit 7 leased at $300 per weekUnit 8 leased at $300 per weekEstimated Total Gross Income:$124,800.00Estimated Annual Expenses:QPRC Rates $7,000.00Rental Agent Fees $8,663.00Insurance Costs $2,000.00TOTAL= $17,663.00Estimated Nett Income:$107,137.00Estimated Potential Income Yield:Purchased at $1.795 million = 6% NettNO BODY CORPORATE FEES - SINGLE TITLEIdeal for Self-Managed Super Fund or astute investor. Contact our office today to obtain an investment report or to schedule an inspection.
