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SOLD

3 Carinya Street QUEANBEYAN, NSW 2620

Sold - Monday 13 September 2021 for $1,650,000
Bed Icon8 Bedrooms
Bath Icon7 Bathrooms
Car Icon7 Parking
Unimproved value:A$298,000 (2020)Block size:1043
Bed Icon8 Bedrooms
Bath Icon7 Bathrooms
Car Icon7 Parking

GREAT INVESTMENT!!

LJ Hooker Queanbeyan - Jerrabomberra - Googong is delighted to present for sale this rare opportunity to secure an entire complex of 7 units.

Located in a prime location only 2 blocks from centre of Queanbeyan and extremely close by to the Queanbeyan River.

Neat double storey complex on single title comprising of 6 x 2 bedroom units and 1 x studio along with shared laundry facilities, 2 x store rooms and allocated car space/carports.

All units occupied and fully tenanted by long term tenants and all but one lease are held with a NSW Government Department.

Level parcel of land comprising 1,043m? in total with potential for future strata subdivision an option, subject to Q.P.R.C approval.

Unit 1 - 2 bedroom leased at $330 per week
Unit 2 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 3 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 4 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 5 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 6 - 2 bedroom leased at $300 per week (Increase to $330 per week)
Unit 7 - Studio leased at $150 per week (Increase to $200 per week)

Gross annual rental income = $103,221 ($113,960 at increased rents)
Estimated annual expenses = $30,907
Estimated nett annual income = $72,314 ($8,2453 at increased rents)

NO BODY CORPORATE FEES

Estimated nett yield 4.38% (4.99% at increased rents)

Ideal for Self Managed Super Fund or astute investor.

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Additional Features

  • Checkmark IconCarport
  • Checkmark IconOpen Spaces

Information about this Block of Units

  • Listed on
  • Last updated
  • Property typeBlock of Units
  • Block size1043m² (approx)
  • Bedrooms8
  • Bathrooms7
  • Parking spaces7
  • Land valueA$298,000 (2020)
  • Stamp dutyA$76,052
  • RatesA$2,260
  • Land taxA$2,952 if rented
* Figures quoted above are approximate values based on available information.

Sales History for 3 Carinya Street QUEANBEYAN, NSW 2620

The Blockofunits at 3 Carinya Street QUEANBEYAN, NSW 2620 has been sold 1 time before, with the most recent sale being for $1,050,000 on 15 March 2018.

Sold DatePrice
A$1,050,000
Sold Date
PriceA$1,050,000
view full sales history for 3 Carinya Street

Local Neighbourhood

3 Carinya Street QUEANBEYAN, NSW 2620 has 8 schools within 5 kilometres, with the closest being St Gregory's Primary School.

DistanceSchoolAddress
0.50 kmSt Gregory's Primary School57 Lowe Street, Queanbeyan 2620Pin Icon
0.52 kmSt Gregory's Primary SchoolMacQuoid St, Queanbeyan 2620Pin Icon
0.93 kmQueanbeyan Public SchoolIsabella St, Queanbeyan 2620Pin Icon

About Queanbeyan

3 Carinya Street is located within the suburb of Queanbeyan, which has a population of 6,237, a median age of 37 and an average household density of 2 people.

  • 6237Population
  • 37Median Age
  • 2Avg. Household Size
Median Sale Price

Household Composition

Established Families
Couples
Single Parent Families
Single
Group Household

Dwelling Types

Houses
Apartments
Semi-Detached
Not Stated
Other

Occupancy Types

Owned w/ Mortgage
Owned Outright
Rented Privately

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