14 Edney Street

Kooringal NSW 2650

One of the best Returns on Investment you will find in New South Wales. A massive 8.1% gross return on asking price.Located in a Regional City with strong population growth and low vacancy rates. This two storey block of eight x two bedroom units is a short walk from Kooringal Mall and Kooringal High School, and within a 10 minute drive of the Wagga Wagga CBD, Hospital Precinct and Lake Albert. The block has under gone extensive renovations in recent years with all units renovated in 2015, including the installation of split system air conditioners. Externally, the block has new gutters, down pipes and fascia boards. Upgrades to storm water management and common areas and driveways. Each unit includes:- Galley kitchens and lounge room.- Two bedrooms both with built in wardrobes;- Reverse Cycle air conditioning- Combined bathroom and laundry - single carport Estimated Income: $76,960 per annumUnit 1: $190 per week. Lease expires 27/2/21Unit 2: $185 per week. Lease expires 7/12/2020Unit 3: $180 per week. Lease expires 6/12/2020Unit 4: $185 per week. Lease expires 14/12/2020Unit 5: $190 per week. Lease expires 29/01/2021Unit 6: $165 per week. Lease expired 19/01/2017Unit 7: $190 per week. Lease expires 6/12/2020Unit 8: $195 per week. Lease expires 24/08/2021Council Rates: $9,452.12 per annum (2020-2021)Land Area: 1,012 square metresPlease note that we also have the adjoining block of 8 units (12 Edney Street) for sale with annual income $77,480. Asking $950,000. Gross Yield 8.16%. By one block or buy them both.