3 Carinya Street, Queanbeyan NSW 2620

LJ Hooker Queanbeyan - Jerrabomberra - Googong is delighted to present for sale this rare opportunity to secure an entire complex of 7 units.

Located in a prime location only 2 blocks from centre of Queanbeyan and extremely close by to the Queanbeyan River.

Neat double storey complex on single title comprising of 6 x 2 bedroom units and 1 x studio along with shared laundry facilities, 2 x store rooms and allocated car space/carports.

All units occupied and fully tenanted by long term tenants and all but one lease are held with a NSW Government Department.

Level parcel of land comprising 1,043m? in total with potential for future strata subdivision an option, subject to Q.P.R.C approval.

Unit 1 - 2 bedroom leased at $330 per week
Unit 2 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 3 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 4 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 5 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 6 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 7 - Studio leased at $150 per week (Increase to $200 per week)

Gross annual rental income = $103,221 ($113,960 at increased rents)
Estimated annual expenses = $30,907
Estimated nett annual income = $72,314 ($8,2453 at increased rents)

NO BODY CORPORATE FEES

Estimated nett yield 4.38% (4.99% at increased rents)

Ideal for Self Managed Super Fund or astute investor.