Property ID: 19434998
Safe investment opportunity with plenty of upside. Eight x one bedroom units and two garages.
The units are brick veneer with tiled roof internally, they offer an open living area with a kitchenette to one side, display cupboard, a large bedroom with a large built-in wardrobe and a tiled ensuite.
Each unit has a parking space plus there are tow garages which are leased.
The eight units are in one strata title.
Each unit has a small garden in front and a large green lawn area.
A common laundry services the complex.
Each unit is leased,
8 units $1060 × 52 weeks = $55120 – Two garages $180 × 12 = $2160 – $57280 Per Ann
Council rates, Landlord insurance, Agent’s Management, Body corporate fees, $23,500 Per Ann. Approximately $33,780 Nett
Location – These units are positioned amongst several major landmarks, Monaro High School (150M), primary school (50M), Christian school (400M), Snowy Hydro (350M), information center (200M).
Comment – These units have some upside. Minor renovation will increase the rents. The Snowy 2.0 project is expected to put a lot of upward pressure on future rental accommodation.
|Land Area||8,938.0 sqm|
|R&H Suburb SummaryHouses|
|Number of sales||254|
|Median Rental Price||$300 p.w.|
|Change in Rental Rate (5yr)||20 %|
|R&H Suburb SummaryUnits|
|Number of sales||10|
|Median Rental Price||$160 p.w.|
|Change in Rental Rate (5yr)||-19 %|