28 Donald Road, Queanbeyan NSW 2620

Sold

8 beds

8 baths

8 parking

Investment Opportunity

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 week
Unit 2 leased at $300 per week
Unit 3 leased at $300 per week
Unit 4 leased at $300 per week
Unit 5 leased at $300 per week
Unit 6 leased at $300 per week
Unit 7 leased at $300 per week
Unit 8 leased at $300 per week

Estimated Total Gross Income:
$124,800.00

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

Estimated Nett Income:
$107,137.00

Estimated Potential Income Yield:
Purchased at $1.795 million = 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.

Property Details

• Type: BlockOfUnits
• Bedrooms: 8
• Bathrooms: 8
• Carport Spaces: 8