2-9/24 Mittagang Road, Cooma, NSW 2630

A rare, strategically positioned investment opportunity is now available with this block of eight renovated and furnished brick units.

Offering excellent rental returns secured by long-term leases, this is a set and forget passive income stream with potential for future capital growth.

The Units:

- 8 x 1 Bed, 1 Bath, 1 Vehicle solid brick units, ideal for long-term tenants

- Open plan kitchen, living & dining areas and for modern convenience

- All units feature built-in wardrobes and ensuite bathrooms

- 6 dedicated car spaces and 2 garages provide ample tenant parking

- High-quality flooring including timber, vinyl, carpet, and tile

- Tenants enjoy access to a shared yard and individual clotheslines

- Private internal laundries in 5 units, with a shared strata common laundry for the remaining 3

- Located in close proximity to the Snowy Hydro Project, ensuring strong rental demand

Rental Return:

Current net rental income of $115,000+ per annum

Potential to increase this to $121,000+ per annum by renovating the last original remaining unit (has been tenanted by the same tenant for 20 years)

This is a set-and-forget investment, offering stable returns in a growing market.

Why Invest in Cooma?

? Growth Trajectory: Cooma has experienced a steady rise in property values, with an average annual growth rate of 5.2% over the past five years. This upward trend is fuelled by ongoing infrastructure developments and an expanding local economy.

? Population Dynamics: The town?s population is on an upward trajectory. As Cooma attracts more residents seeking a balanced lifestyle with easy access to the Snowy Mountains, demand for quality rental properties is expected to increase.

Property Highlights:

? Prime Location: Situated only a stone?s throw away from the Snowy Hydro Scheme, these units are perfectly positioned to take advantage of the town?s growing appeal and influx of contract workers. The units are also near essential amenities, including shopping centres, educational institutions, and healthcare facilities.

Potential Investment Benefits:

? High Rental Demand: Cooma?s rental market has shown resilience and growth, with an average rental yield of approximately 4.8% (these units have a net return of +6%). The increasing population and limited new housing developments contribute to a strong demand for rental properties, ensuring steady occupancy rates.

? Low Vacancy Rates: Cooma has consistently demonstrated low vacancy rates, reflecting a healthy demand for rental accommodation. This stability is a key indicator of the town?s attractiveness to tenants and its potential for long-term investment success.

For further information or to arrange an inspection, contact Brendan on - 0438447201 today!