47-49 Lambie Street, Cooma NSW 2630

Built in the 1860's by a pioneer of Monaro architecture, James Mawson these 2 townhouse properties are a one of a kind and offer great investment and development opportunity.

Both dwellings offer a great standard of living whether the buyer is looking to occupy the properties or take advantage of fantastic returns available in the Cooma property market.

Features include:

47 Lambie Street - 614 sqm

* 4 bedrooms, main with ensuite and very spacious
* Option of 2 living spaces, dining & office space
* Freshly presented being recently painted throughout
* Open style and modern kitchen/dining area with beautifully restored features
* Built from local Monaro granite stone and rendered hand made bricks
* 2 x natural gas log fires located in loungeroom
* Modern bathroom and separate internal laundry
* Spacious rear yard

49 Lambie St, Cooma 614 sqm

* 3 beds on upper floor + 4th or office on ground floor
* Spacious Kitchen and dining / lounge with beautiful exposed stone walls
* Separate living area with gas heating
* Large modern bathroom + separate laundry
* Large rear yard

Expected returns to total in the area of $900 per week on an unfurnished basis with opportunities to increase this in the furnished rental market. On top of this is the opportunity to further develop the vacant land at 48 Hill St, with a minimum lot size in the R2 low density zoning of 500sqm.