Opportunities of this scale are few and far between. This substantial freehold unit complex, one of the largest in Cooma, is now available and presents a truly unique chance for investors to secure a powerhouse property with strong returns and further potential to unlock.
A testament to clever management and a consistent development, the property has enjoyed a long and successful rental history. Currently comprising 20 units, the complex is income-generating with 16 units leased. With some works, the remaining four units could be brought online to significantly increase returns.
The complex includes:
16 units currently leased
6 units with scope for refurbishment and rental
A modern 7-bay Colorbond garage block
An older timber 7-bay garage block
Two parking lots
With an annual income currently of just over $269,000pa, this property presents a net 6.4% ROI-with the clear potential to push this figure higher once the remaining units are activated.
Perfectly positioned in Cooma, this property represents a secure, large-scale investment with multiple rental income streams and future growth opportunities.
