A rare investment opportunity in a tightly held pocket of North Toowoomba - this solid triplex in an outstanding location is being offered as a complete package. Set on a 738m² corner allotment with dual street access, this is the kind of property that doesn't come up often.
All three units are well-configured 3-bedroom layouts with built-in wardrobes, a spacious lounge, beautiful kitchen with electric cooking and stone benchtops that flows into the dining space, ducted air-conditioning, bathroom with shower and separate toilet and an internal laundry. Each unit also has a designated small garage or storage space with power. The potential and future growth is limitless!
Unit 1 has been recently renovated with modern finishes throughout, while Units 2 and 3 were updated approximately 10 years ago, with different layouts and finishes across the three units, there's potential to modernise or maintain for strong long-term returns. Units 2 and 3 are already tenanted, providing immediate income for savvy investors.
Unit 2 is on a Periodic Lease for $500 per week.
Last Rent Increase: 6/11/2024
Unit 3 is currently tenanted until 9/12/2025 for $440 per week.
Last Rent Increase: 4/12/2024
The current rental appraisal is $525-$540 per week per unit (subject to market conditions).
Whether you're looking to land bank, renovate, or add to your portfolio, this is a strategic buy in a high-demand area close to schools, shops, and the Toowoomba CBD.
Key Features:
- Three x 3-bedroom units sold together
- Unit 1 has been fully renovated, Units 2 & 3 updated approx. 10 years ago
- 738m² corner block across two titles with dual street access
- Ducted air-conditioning
- Individual garage/storage for each unit
- Units 2 & 3 currently tenanted
- Rent appraised at $525-$540/week per unit
- Minutes to Northpoint Shopping Centre, Downlands College, and CBD
Don't miss this rare opportunity to secure a complete complex in an exceptional location. The location is already well supported by nearby businesses and residential growth, making this a smart long-term hold.
Photos of Unit 2 and Unit 3 are available, as well as video walk-throughs.
Insurance: approx. $3,478 per year
General rates: approx. $2,849.54 net per half year
Water rates: approx. $335.76 net per half year
Primary school state catchment: Toowoomba East State School
High school state catchment: Toowoomba State High School
Advertising Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
