8 Yulin Avenue,
Cooma, NSW 2630
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Expressions of Interest close 28 Nov 2024 at 4pm
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Map of 8 Yulin Avenue
Train stations within 5 km of 8 Yulin Avenue, Cooma, NSW 2630 Distance Cooma Monaro Railway 2.1 km POWERED BY HERE ©Bus stops within 5 km of 8 Yulin Avenue, Cooma, NSW 2630 Distance Binalong St at Mittagang Rd 345 m Cooma Cemetery, Mittagang Rd 412 m Wangie St at Walla St 499 m Orana Av Opp Buddang St 698 m Wangie St at Waggun St 960 m POWERED BY HERE ©
POWERED BY HERE ©
Newly Built Unit Complex - Exceptional Investment Opportunity
8 Yulin Avenue Cooma presents as a prime 'set & forget' asset for investors seeking consistent returns with potential growth in the increasingly demanding Snowy Monaro region.
Completed approximately two years ago, this well designed complex features 13 fully self-contained apartments, comprising 10 one-bedroom, 2 two-bedroom, and 1 three-bedroom unit. Twelve of the thirteen units are leased to Future Generation Joint Venture (FGJV), the principal contractor for the construction of Snowy Hydro 2.0, until 15 December 2026. The remaining Unit (Unit 7) currently operates as short term accommodation, managed by the current owner.
Key Highlights:
• Stable Income: 12 units leased to Future Generation Joint Venture until December 2026, ensuring consistent cash flow.
• Short-Term Rental Potential: Unit 7 operates as a high-demand short-term accommodation with impressive occupancy rates.
• Strong Financial Performance: Estimated net income of $302,837 p.a.
• Single Title Sale: Sold in one line, simplifying management and ownership.
Financial Overview:
• Total 2024 Revenue: $342,270 with rental uplifts in Dec 2024 and 2025
• Depreciation Benefits: Strong schedule with approximately $100K for FY25.
Annual Outgoings:
• Council Rates: $7,152
• Water Rates: $8,094
• Building Insurance: $10,520
• Agent Management Fee: $13,676
Location Advantage:
Nestled in the heart of the Snowy Mountains, Cooma is conveniently located just over an hour's drive from Australia's capital city and a short 50-minute flight from Sydney.
With over $6 billion of investment into the Snowy 2.0 scheme and $196 million in funding from the NSW State Government, the Snowy-Monaro region is poised for significant growth through the Snowy Mountains Special Activation Precinct Plan-a comprehensive 40-year master plan designed to transform the area and attract substantial investment.
This is a unique opportunity to diversify your investment portfolio in a rapidly growing market. Don't miss out on this exceptional investment opportunity!
Contact us today for more information
Completed approximately two years ago, this well designed complex features 13 fully self-contained apartments, comprising 10 one-bedroom, 2 two-bedroom, and 1 three-bedroom unit. Twelve of the thirteen units are leased to Future Generation Joint Venture (FGJV), the principal contractor for the construction of Snowy Hydro 2.0, until 15 December 2026. The remaining Unit (Unit 7) currently operates as short term accommodation, managed by the current owner.
Key Highlights:
• Stable Income: 12 units leased to Future Generation Joint Venture until December 2026, ensuring consistent cash flow.
• Short-Term Rental Potential: Unit 7 operates as a high-demand short-term accommodation with impressive occupancy rates.
• Strong Financial Performance: Estimated net income of $302,837 p.a.
• Single Title Sale: Sold in one line, simplifying management and ownership.
Financial Overview:
• Total 2024 Revenue: $342,270 with rental uplifts in Dec 2024 and 2025
• Depreciation Benefits: Strong schedule with approximately $100K for FY25.
Annual Outgoings:
• Council Rates: $7,152
• Water Rates: $8,094
• Building Insurance: $10,520
• Agent Management Fee: $13,676
Location Advantage:
Nestled in the heart of the Snowy Mountains, Cooma is conveniently located just over an hour's drive from Australia's capital city and a short 50-minute flight from Sydney.
With over $6 billion of investment into the Snowy 2.0 scheme and $196 million in funding from the NSW State Government, the Snowy-Monaro region is poised for significant growth through the Snowy Mountains Special Activation Precinct Plan-a comprehensive 40-year master plan designed to transform the area and attract substantial investment.
This is a unique opportunity to diversify your investment portfolio in a rapidly growing market. Don't miss out on this exceptional investment opportunity!
Contact us today for more information
Additional information
External websites
Property ID: 504720248Last Updated: 15 Nov 2024
8 Yulin Avenue
Cooma, NSW 2630
RWC - CanberraLevel 1, 32 Lonsdale Street
BRADDON, ACT 2612
BRADDON, ACT 2612
