* CGI furniture used in photoshoot
Rates: $2,940.00 per annum (approx)
Strata: $780.99 per quarter (approx)
Current Rental: $395 per week
Periodic lease (suitable for investors or owner occupiers)
Combining immediate rental income, practical living spaces and a convenient location, 21/85 Derrima Road, Queanbeyan presents an appealing opportunity for investors looking to secure their next investment property.
Currently rented at $395 per week, generating approximately $20,540 in gross annual rental income, this two-bedroom unit offers an established income stream with the potential for an attractive gross rental yield, depending on the purchase price.
Designed with comfort and functionality in mind, the property features an open-plan living and kitchen area that flows seamlessly onto the balcony, creating an inviting space for everyday living and entertaining. Both bedrooms are well-proportioned and include built-in wardrobes.
The practical floorplan also incorporates a combined bathroom and laundry, maximising the available space. A single lock-up garage with additional storage adds further convenience, enhancing the property's everyday appeal.
Positioned in an established pocket of Queanbeyan, the property enjoys easy access to local schools, shops, public transport and Queanbeyan Railway Station. With the town centre just a short drive away and convenient connections to Canberra's major arterial roads, the location offers accessibility for everyday living.
Whether you're entering the investment market or expanding an existing portfolio, this property offers the opportunity to secure an income-producing asset with practical features and a convenient location.
Property features:
• Currently rented at $395 per week
• Approximate gross annual rental income of $20,540
• Potential for an attractive gross rental yield, subject to purchase price
• Two generously sized bedrooms with built-in wardrobes
• Open-plan living and kitchen area
• Spacious balcony connected with living area
• Functional kitchen
• Combined bathroom and laundry facilities
• Single lock-up garage with additional storage area
• Practical, easy-care floorplan
• NBN connection
• Approximately five minutes' drive to Queanbeyan town centre
• Convenient access to local schools, shops and public transport
• Close to Queanbeyan Railway Station
• Easy connectivity to Canberra's major arterial roads
An established tenancy, immediate rental income and a convenient location make this a compelling opportunity for investors seeking their next addition to their property portfolio.
To view contact Michael Edwards 0415 977 448
[email protected]Disclaimer: All purchasers must rely on their own enquiries, as the vendors or their respective agents do not make any warranty as to the accuracy of the information provided above and do not or will not accept any liability for any errors, misstatements or discrepancies in that information. We have diligently and conscientiously undertaken to ensure it is as current and as accurate as possible.
