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
