Burgess Rawson is proud to exclusively offer this exceptional investment opportunity for sale via Expressions of Interest. The property is securely leased to the SLC Snowy Hydro Joint Venture, operating as the Future Generation Joint Venture.
Purpose-built for quality accommodation, this newly refurbished commercial residence on a 597.89sqm block offers 320sqm of well-designed living space, ideal for workforce housing such as Snowy Hydro personnel. The property features ten spacious bedrooms, each with its own ensuite, wardrobe, wall-mounted reverse cycle air conditioning, and TV. A separate 28sqm self-contained studio (or managers residence) includes an ensuite and kitchenette.
Shared facilities include a modern communal kitchen equipped with Westinghouse ovens, comfortable lounge areas, and a laundry with four Haier washer/dryer units. Finished with vinyl flooring in common areas and carpeted bedrooms, the residence combines durability with comfort throughout.
Cooma is a picturesque regional town in southern New South Wales, located 114 kilometres south of Canberra and often referred to as the "Gateway to the Snowy Mountains" due to its strategic position enroute to alpine destinations like Thredbo and Perisher. With a population of around 7,496, it serves as a key hub for tourism, government services, retail, hospitality, and energy production, with Snowy Hydro remaining a major employer. The town's rich cultural heritage, shaped by the Snowy Mountains Hydro-Electric Scheme, is celebrated through landmarks like the Cooma Railway Station and International Avenue of Flags. Surrounded by natural beauty and steeped in history, Cooma offers a peaceful, community-oriented lifestyle with growing appeal as both a destination and a base for exploring the Snowy Monaro region.
Highlights:
+ Brand new 4-year net lease with options extending to 2029
+ Recently refurbished with a brand-new interior fit-out
+ Leased to Snowy Hydro
+ Tenant pays 100% of outgoings
+ CPI rent reviews ensuring steady income growth
+ Secure income stream backed by an established tenant
+ Well-presented premises with modern upgrades
+ Long term infrastructure projects in the region
+ Refreshed façade and interiors enhance appeal
+ Prime commercial location suitable for various uses
Net Income: $231,400pa + GST
Expression of Interest
Closing 15 May 2025 at 5pm AEST
Unless Sold Prior
Call the exclusive agents today to take a tour of this sensational investment opportunity Guy Randell 0430 272 999 or Kieran Bourke 0417 418 007
