73-75 Collett Street,
SHORT AND LONG TERM GAINA truly fantastic opportunity for you to capitalise on a prime piece of Real Estate that has 12 bedsitter apartments, all fully tenanted that sits on 1619m2 of land that provides a wide range of future development opportunities (STCA) that gives you the benefit of both short and long term gain!
Returning approximately $99,840 p.a* this light-filled block comprises 12 Bedsitter apartments on a rare B3 block that allows for commercial, residential , retail or office use.
This complex is undoubtedly in the best location in town, with the units being in a good condition throughout whilst taking full advantage of its great solar orientation. Views from most of the units are of the common area and the complex is NBN ready.
There is no need for a private vehicle as the complex is set in Queanbeyan’s CBD, next to a car park and across from the bus interchange and only a minute or two stroll to Riverside Plaza, Woolworths, doctors surgery and leisure centre.
Situated in a Commercial Core Zone, future development potential (STCA) may include retail businesses and/or office use with high density residential above ('Top Shop' developments), Child care centres; Hotel or motel accommodation and a range of Commercial premises. The current offering of twelve bedsit units provides a low maintenance investment with good rental return.
The site is low maintenance and income producing allowing you to generate revenue while awaiting development approvals.
To be sold in one line, this great block has fantastic development potential and is truly a unique opportunity for those looking to secure a quality investment in a highly sought-after location, just minutes from the CBD.