1 Young Street Queanbeyan, NSW 2620

121212

$1,515,000

Sold at: 02-09-2016

Attention: Investors, Developers, Builders!!

Elders Queanbeyan - Jerrabomberra - Googong is delighted to present for sale this rare opportunity to secure a complex of 12 x 1 bedroom units.

Located in 'Crestwood' right on the border with the bus stop at the front door and easy access via main arterial roads to Canberra. A pleasant location and outlook with a rural setting.

Neat single level complex in very good condition inside and out.

Each unit has an allocated carport + a number of visitor parking spots available.

On one title and to be sold in one line with potential to strata individually subject to Q.C.C approval.

Current R4 Zoning (High Density Residential).

Level parcel of land comprising 2,201m in total with further or future development an option subject to Q.C.C approval.

The development has always been a sought-after rental option with some tenants residing there for over 20 years.

Currently tenanted at between $180 - $235 per week. Gross annual income of $122,200.

Unit 1 - $180 p/w
Unit 2 - $205 p/w
Unit 3 - $190 p/w
Unit 4 - $190 p/w
Unit 5 - $180 p/w
Unit 6 - $180 p/w
Unit 7 - $180 p/w
Unit 8 - $235 p/w
Unit 9 - $180 p/w
Unit 10 - $220 p/w
Unit 11 - $200 p/w
Unit 12 - $210 p/w

ESTIMATED GROSS ANNUAL INCOME = $122,200

ESTIMATED ANNUAL EXPENSES = $43,037

ESTIMATED NETT ANNUAL RETURN = $79,163

Ideal for Self Managed Super Fund or astute investor.

Key details

  • Property Type Block of Units
  • Date Listed 23-04-2020