Positioned in the heart of Cooma at 48 Victoria Street, this expansive 11-bedroom, 5-bathroom property offers an exceptional investment opportunity for savvy buyers and businesses alike. Set on a generous 712sqm block, it boasts an unbeatable location directly opposite the hospital and just moments from the bustling Cooma CBD.
Comprised of three self-contained residences, the property is fully equipped and currently delivers a strong combined rental return of $1,560 per week.
The main residence, generating $880 per week, features six well-appointed bedrooms- two with private ensuites- plus a central bathroom for the remaining rooms. A spacious kitchen, large dining and living zones, and a European laundry complete this practical and inviting layout.
The upper residence, returning $300 per week, is semi-furnished and includes two comfortable bedrooms, a sizeable bathroom, and a light-filled open-plan kitchen, dining, and living area.
The lower residence, currently leased at $380 per week, offers three bedrooms and a modern open-plan living, dining, and kitchen area, providing excellent comfort and appeal for tenants.
This dwelling has undergone recent upgrades, ensuring each space is finished to a high standard. The property comes fully furnished, with the upper and lower residences semi-furnished, making it a ready-made, income-producing asset.
48 Victoria Street stands out as an exceptional acquisition for investors seeking a substantial, flexible property with proven returns, outstanding positioning, and broad rental market appeal.
Rates (approx.): $2514.78 pa
Water Rates (approx.): $1470 pa plus consumption
All three residences are currently tenanted for a combined $1560 pw
Disclaimer: While we have made every effort to ensure the information in this document is accurate and up to date, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements. Prospective purchasers are advised to conduct their own investigations to verify the information provided.
