2 Ross Road Queanbeyan NSW 2620

2 Ross Rd, Queanbeyan NSW is proudly presented by Rafael Posadas of gofysh | estate agents.

The Boarding House (24 rooms + Manager's room) has 21 double and 4 single rooms with at-grade parking for 15 cars.

DA.2021.1453 (Queanbeyan-Palerang Regional Council) approved on 8th March 2023
R4 land zoning
14m building height
NO basement, all parking at-grade
One and only New Generation Boarding House in Queanbeyan, just next to Canberra ACT

Currently a 3 bed, 2 bath home, 1 car garage with workshop and further parking for 3 cars.

Currently rented @ $650 per week ($33,800 pa)

4 min (350m) walk to bus stop
4 min (350m) walk to Queanbeyan Train Station
11 min (900m) walk to Queanbeyan Hospital
12 min (1km) walk to Queanbeyan Shops
5 min (3km) drive to TAFE NSW
8 min (7.1km) drive to Canberra Institute of Technology
9 min (8.3km) drive to Canberra Airport

$320 per week (potential for single room)
$350 per week (potential for double room)

Boarding House (25 rooms) Potential Rental Return = $429,000 pa

GRV (6%) = $7,150,000

Current Rental at Unit next door (4 Ross Rd)

$450 per week - 1 bed unit
$550 per week - 2 bed unit

UPDATE - current plans to increase rooms from 25 to 38 (call me on 0433 777 941 to discuss)

Potential Rental increase to $652,080 ($223,080 uplift)

GRV (6%) increase to $10,868,000 ($3,718,000 uplift)

This is a rare offering that is highly sought!

Please call me directly on 0433 777 941 for further information or to arrange a private inspection.

Disclaimer - The information on this summary sheet should not be relied on as a substitute for legal and real estate advice. You should make your own inquiries as to the accuracy of any information or material contained in this document.