7 Bowers Place, Queanbeyan NSW 2620

LJ Hooker Queanbeyan | Jerrabomberra | Googong is proud to present 7 Bowers Place, Karabar.

An exceptional chance to secure a tenanted residential complex in a quiet, tightly held cul-de-sac location. Comprising six one-bedroom units all on a single title, this well-maintained and recently repainted complex offers a rare combination of immediate rental income, long-term stability, and future capital growth.

This single-level development is home to long-term tenants and has been carefully maintained, with all units in good condition. The estimated gross annual income sits at $103,560, with a strong estimated net annual return of $77,842. Parking is well catered for, with five allocated undercover carports plus an additional off-street space at the front of the property.

Opportunities to secure developments of this calibre are increasingly hard to find. Whether you are looking to expand your portfolio, invest through a self-managed super fund, or secure a solid long-term asset, this property ticks all the boxes.

Level 847m² block with R2 - Low Density Residential Zoning.

Income:
Unit 12 - On continuation $330 per week
Unit 13 - On continuation $330 per week
Unit 14 - On continuation $330 per week
Unit 15 - Vacant $330 per week
Unit 16 - On continuation $330 per week
Unit 17 - On continuation $330 per week

**Plus washing machine income (estimate annually) $600

Estimated Gross Annual Income $103,560

Expenses:
Agent Fees $7,207
QPRC Rates & Water Charges $11,311
Insurance $5,200
Laundry electricity & hot water $2,000 (Estimate)

Estimated Annual Expenses $25,718

Estimated Nett Annual Income $77,842

For more information or to arrange an inspection, contact Peter Stumbles on 0418 630 002.