This offering presents numerous opportunities for property investors, SMSFs, and owner-occupiers in a low-maintenance complex comprising only two townhouses, close to the Queanbeyan CBD. What's more, there are no strata fees!
Both townhouses are single-level and include two bedrooms, one bathroom and one garage. 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.
Each floor plan 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.
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.
Unit 1: Comprises, entry, open plan kitchen meals and family room, 2 bedrooms, 1 bathroom with shower and separate bathtub, laundry and a single lockup garage with roller door to the rear for access to the yard. Offering electric cooking and hot water with a lovely parcel of land around the townhouse.
Unit 2: Comprises, entry, open plan kitchen meals and family room, 2 bedrooms, 1 bathroom with shower and separate bathtub, laundry and a single lockup garage with roller door to the rear for access to the yard. Offering electric cooking and hot water with a lovely parcel of land around the townhouse.
Investment Potential:
- Offering single-level design and convenient location.
- Current rental return, Unit 1: $450 pw on a periodic lease (i.e. month-to-month)
- Current rental return, Unit 2: $380 pw on a periodic lease (i.e. month-to-month)
- No strata fees, thereby reducing ongoing costs
- 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 your own enquires with regards to these costs, as they can vary depending on an individual/s circumstances.
Surrounding amenities:
Units 1 and 2 at 41 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.
Your inspection is a must. Call Lou Baldan on 0403 604 888 to book an appointment to view these great properties!
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