LJ Hooker Queanbeyan | Jerrabomberra | Googong is delighted to present for sale this rare opportunity to secure an entire complex of 8 units. Located in a prime location only a short walk to the centre of Queanbeyan and arterial roads leading to Canberra. Neat single storey complex on single title comprising of 8 x 1-bedroom units all with internal laundry facilities and allocated carports. All units occupied and fully tenanted by long term tenants. This property is under a single title and not bound by strata fees. Level parcel of land comprising 1,700m� in total with potential for future strata subdivision and each unit with own private courtyard an option. (Subject to Q.P.R.C approval.) Tenancies: Unit 1 leased at $250 per week (Potential $300 per week) Unit 2 leased at $240 per week (Potential $300 per week) Unit 3 leased at $225 per week (Potential $300 per week) Unit 4 leased at $240 per week (Potential $300 per week) Unit 5 leased at $240 per week (Potential $300 per week) Unit 6 leased at $225 per week (Potential $280 per week) Unit 7 leased at $240 per week (Potential $300 per week) Unit 8 leased at $240 per week (Potential $300 per week) Estimated Total Gross Income: $98,800.00 Estimated Potential Total Gross Income: $123,760.00 Current Estimated Annual Expenses: QPRC Rates $7,000.00 Rental Agent Fees $6,916.00 Insurance Costs $2,000.00 TOTAL= $15,916.00 Potential Estimated Annual Expenses: QPRC Rates $7,000.00 Rental Agent Fees $8,663.00 Insurance Costs $2,000.00 TOTAL= $17,663.00 Current Estimated Nett Income: $82,848.00 Potential Estimated Nett Income: $106,099.00 Estimated Potential Income Yield: Purchased at $2million = 5% Nett Purchased at $1.9million = 6% Nett NO BODY CORPORATE FEES - SINGLE TITLE Ideal for Self-Managed Super Fund or astute investor. Contact our office today to obtain an investment report or to schedule an inspection.