CONTACT AGENT - INSPECTION BY APPOINTMENT ONLY
Welcome to Unit 1 & Unit 2 of 39 Molonglo Street, Queanbeyan East.
Wow! Numerous opportunities for property investors, SMSF, and owner-occupiers - no strata fees - low maintenance complex of only two units. Options include renting both properties out as an investment or being an owner-occupier living in one of the properties and renting out the other.
Extremely sought-after single-level, two-bedroom townhouses. The two properties on one title are in a small complex of only two units with no Body Corporate fees, situated in a fantastic location close to the Queanbeyan CBD.
Each floorplan incorporates a large open-plan lounge and dining room with direct access to the kitchen, which boasts ample cupboard and bench space.
Both bedrooms in each unit are spacious, with built-in robes and served by a bathroom that comprises a separate bath, shower recess, vanity, plus the added convenience of a separate toilet.
Both spacious townhouses have large wrap-around private generous courtyards.
Car accommodation is offered via a long tandem garage that opens into the rear courtyard and separates both townhouses.
Your inspection is a must.
Unit 1: comprises 2 bedrooms, 1 bathroom and a single lockup garage. It has been partly renovated throughout, with a dishwasher, new kitchen, reverse cycle heating and cooling, gas bayonet, gas cooking and electric oven, ceiling fans to bedrooms and living area and a private east-facing courtyard with synthetic grass.
Unit 2: comprises 2 bedrooms, 1 bathroom and a single lockup garage. It is in original but good condition throughout, offering split system heating/cooling in the main living area, electric cooking and hot water, plus more.
The city centre is just a 10-minute walk or 1.7 km, and a game of golf is only 5 minutes away or 550 metres.
Investment Potential:
- Current rental return, Unit 1: $530 p.w on a periodic lease
- Current rental return, Unit 2: $450 p.w on a periodic lease
- No strata fees, thereby reducing ongoing costs
- Long-term tenant: Unit 2 has a reliable, long-term tenant of approx 14 years
- Low maintenance: both properties require minimal upkeep
- Flexible use: ideal for investors looking to rent both properties, SMSF to increase your property portfolio or for owner-occupiers who wish to live in one unit and rent out the other
- Rates: $3,800 p.a
- Block size: 673.2m2
- Landlords & Building insurances: please make you own enquires with regards to these costs, as they can vary depending on an individual/s circumstances.
Townhouses in small complexes of only two are very rare, as is the single-level design and convenient location.
Surrounding amenities:
Units 1 and 2 at 39 Molonglo Street, Queanbeyan East are conveniently located close to essential amenities and services. They offer easy access to local schools, shopping centres, and recreational areas within Queanbeyan, while also being a short drive from Canberra CBD.
Parks and recreation:
The suburb is near several parks and recreational areas, such as Queanbeyan Park and the Queanbeyan River, which offer walking trails, picnic spots, and other outdoor activities.
Schools:
The area is served by several schools, making it a convenient location for families with children.
Shopping:
There are local shops, supermarkets, and larger shopping centres nearby.
Transport:
Good access to public transportation, with bus services connecting Queanbeyan East to the rest of Queanbeyan and Canberra. Major roads and highways are easily accessible, facilitating travel by car.
Here's a detailed breakdown of the distances from Units 1 and 2 at 39 Molonglo Street, Queanbeyan East to key locations:
- Shopping centres: Riverside Plaza (Queanbeyan) approximately 1.7 km; Karabar Shopping Mall approximately 2.6 km; Canberra CBD approximately 15 km.
- Local schools: Queanbeyan East Public School approximately 0.5 km; Queanbeyan High School approximately 2 km.
- Public transport: buses connect to various parts of Queanbeyan and Canberra. The Queanbeyan Train Station is approximately 1.5 km away.
- Major roads: Molonglo Street connects to Kings Highway, which leads directly to Canberra and other significant locations in the region.
The spacious interiors, low-maintenance exteriors, and flexible usage options make it an attractive choice for both investors and owner-occupiers. The existing long-term tenants in one unit add to the appeal for those looking for immediate rental income.
