Portfolio perfection: Multi-stream commercial investment in Karabar for seasoned buyers
Reduce a commercial property investor’s motives to one compelling desire, and it would probably be: “Acquire a solid asset with a secure, long-term income stream.”
After all, investors are always focused on managing risk – so imagine the appeal of an opportunity that brings in the cash from not just one, but four sources.
That’s the case in unassuming Karabar, where this unusual mixed-use property maximises the returns from a residential and commercial double act.
One building, set on nearly 800 square metres on bustling Donald Road, pulls in the local traffic from two shopfronts: a thriving cafe and a convenience store. While not on a lease, there’s also the bonus of a popular on-site food van.
Part of the 288-square-metre building is two well-maintained residential units. Each has two generous bedrooms, updated bathrooms, open-plan kitchen-dining spaces and comfortable living areas. They also have courtyards and car spaces.
Jon Stumbles of LJ Hooker Queanbeyan-Jerrabomberra-Googong says the opportunity offers “a true powerhouse of passive return”.
“Properties with such a strong tenancy mix and reliable income stream don’t hit the market often,” he says.
“This is an unmissable opportunity for a seasoned investor or someone seeking secure entry into the commercial-residential space.”
The estimated annual gross income is about $160,000, with annual outgoings of nearly $17,000.
