Set on a 1,560 square metre ground floor unit block of land over two titles, this complex of seven units offers investors a potential business opportunity.

Featuring seven fully furnished residential units, there's a choice of one, two, and three bedroom units all with open plan living spaces and parking. 

The complex also offers a free-standing unit, perfect for managers quarters. 

There are many opportunities for savvy investors to either keep the property as is, renovate it, strata subdivide the land or operate as serviced units or through Airbnb. 

Associate Director of Burgess Rawson, Tom Doran, told WILLIAMS MEDIA that savvy investors should snap up this opportunity.

“At a circa 8 per cent NET yield for a residential property, this will be popular with investors, considering in Sydney you are likely to get closer to 2.5 per cent gross.

“There are also angles to consider, some buyers are considering turning the site into serviced units or looking at Airbnb to boost the income even more," he said.

Located in the regional town of Cowra, you get more bang for your buck than in Sydney, where the price of a studio would set you back at least $600,000 - which happens to be the price you'll pay for this block of seven units. 

Located opposite Cowra High School and Chardonnay Hills Estate (a brand new housing development), the property is within 2.4km of Kendall Street, the retail hub of Cowra. 

“Cowra is recognized as the hub of the central west, with Cowra Shires Gross Regional Product at an estimated $500 Million," Mr Doran said.

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