28 Donald Road, Queanbeyan, NSW, 2620, Australia

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 1,700msup2; 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 $250 per week (Potential $300 per week)
Unit 2 leased at $240 per week (Potential $300 per week)
Unit 3 leased at $225 per week (Potential $300 per week)
Unit 4 leased at $240 per week (Potential $300 per week)
Unit 5 leased at $240 per week (Potential $300 per week)
Unit 6 leased at $225 per week (Potential $280 per week)
Unit 7 leased at $240 per week (Potential $300 per week)
Unit 8 leased at $240 per week (Potential $300 per week)

Estimated Total Gross Income:
$98,800.00
Estimated Potential Total Gross Income:
$123,760.00

Current Estimated Annual Expenses:
QPRC Rates $7,000.00
Rental Agent Fees $6,916.00
Insurance Costs $2,000.00
TOTAL= $15,916.00

Potential Estimated Annual Expenses:
QPRC Rates $7,000.00
Rental Agent Fees $8,663.00
Insurance Costs $2,000.00
TOTAL= $17,663.00

Current Estimated Nett Income:
$82,848.00
Potential Estimated Nett Income:
$106,099.00

Estimated Potential Income Yield:
Purchased at $2million = 5% Nett
Purchased at $1.9million = 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.