Immaculately presented, this freehold double brick residential unit complex not only offers a secure opportunity in Cooma's strong rental market but also strong future growth on current rental returns.
The complex has proven to be a strong returning investment for the current family who built the complex from the ground up but is time for them to put their feet up.
Returning 6% - 6.5% gross on the advertised guide, this property offers a very unique opportunity in this day and age where investment returns at these levels are rare. With the national significant Infrastructure projects occurring throughout the Snowy Mountains we see this an investment with major upside going forward.
Features Include: * 7 x 2 bedroom units, bedrooms are very large with built-ins * Large open plan kitchen/dining and lounge room with RC/AC in each unit * Each unit has it's own outdoor laundry & undercover carport * All 7 units are currently tenanted with the majority being long term * Located in a quiet cul-de-sac street within close proximity to Cooma's cbd.
The long term owners have impeccably maintained this complex providing an investment with minimal ongoing maintenance costs.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.