Secure, Sound Investment in Wagga Wagga

It’s time to secure yourself a prosperous future with this outstanding investment opportunity in a highly sought-after location.

This complex of 16 units cater to a variety of tenants and are currently fully occupied for optimal return on investment

With a gross income of approximately $158,000 per annum

The property is within walking distance (approx. 4 mins walk ) to the Kooringal Shopping centre which offers plenty of choice:

McDonald’s restaurant , Kooringal Woolworths & BWS store Domino’s Pizza , Subway store and the popular fully renovated Kooringal hotel

the units are within close proximity to both Public and Private schooling.

Internal and external renovations were completed in 2015 and now is your opportunity to buy one of strongest residential investment properties on market in Wagga Wagga

This simply is a sensational opportunity that has experienced high occupancy rates with a solid tenant base, including many long term and continuing tenants.

With vacancy rates continuing to tighten and demand for quality rental properties increasing there has never been a better time to invest in the Wagga Wagga market than now.

The Property at a Glance:

-16 x 2 bed, one bath with new vanities with combined laundry, one carport per unit

-Each unit comprises a living room with dining or study space, built in robes to bedrooms

-All units renovated including new blinds, new carpet, tiling to kitchen and bathrooms

-Reverse cycle air conditioning to all units

-New Aluminium fascia, guttering and down pipes

-Strong rental yields, average rent in the complex is $190 per week there is room to increase rents

-Gross Income of approximately $158,000 per annum with rents on the increase

-Additional visitor car parking in the complex

-Established garden beds with edging and plants

-Low maintenance investment, with a strong rental yield & modest overhead

Make sure you don’t miss out on the buoyant and rapidly rising property market.

Utilise the substantial rental returns to generate a healthy income while using capital depreciation to offset the modest overheads.

Property ID: 1171919