Blue-Chip Investment | 5.5% Gross Return | No Body Corporate Fees
Positioned in the tightly held St Andrews Hospital Precinct, this immaculately presented Triplex delivers a compelling combination of immediate cash flow and long-term capital growth. Whether you're a seasoned investor or looking to bolster your Superannuation Fund, this is a high-performing, set-and-forget asset.
KEY INVESTMENT HIGHLIGHTS
• Rare TRIPLEX on two titles – a high-demand property type
• 5.5% gross annual rental return – $1,170 per week
• No Body Corporate – all units under single ownership
• Ideal for SMSFs or portfolio diversification
• Maintenance up to date – freshly renovated throughout
• Sought-after location
PROPERTY OVERVIEW
Strategically located in the heart of one of Toowoomba's most robust suburbs, this property offers both lifestyle and convenience. Within walking distance to St Andrews Hospital, lush parklands, and major shopping and education hubs, this is an address tenants love and investors trust.
Each of the three units has been recently renovated with contemporary updates, ensuring maximum tenant appeal and minimal ongoing maintenance.
LEASE DETAILS (as of May 2025):
• Unit 1: $410/wk – lease until 23 Feb 2026
• Unit 2: $410/wk – lease until 27 Apr 2026
• Unit 3: $350/wk – lease until 2 Feb 2026. Potential to be realigned to market rent at end of tenancy ($410 per week)
• Total Weekly Income: $1,170
• Gross Annual Income: Approx. $60,840
• Gross Yield: 5.5% p.a.
PROPERTY FEATURES
• 3 x 2-bedroom units, all with ceiling fans and master with built-in
• Modern kitchens with electric cooktops, new ovens & rangehoods
• Refurbished bathrooms with sleek finishes
• Open-plan living areas, tiled and freshly carpeted
• Dedicated laundries with new auto taps
• Private, fenced rear yards – family friendly
• Single lock-up garage per unit
• Solid brick construction – low maintenance & durable
• Each unit is individually water metered
LAND & DEVELOPMENT POTENTIAL
• 1,184m² allotment across two titles
• Zoning and land size present future development or subdivision potential (STCA)
• Opportunity for future strata titling to increase capital value
OUTGOINGS (approx.):
• Rates: $2,543.92 per half-year
• Water Access: $335.75 per half-year
• Building Insurance: $1,500 per half-year
• No Body Corporate Fees
LOCATION ADVANTAGES
Located within easy walking distance to St Andrews Hospital and the under construction new Toowoomba Base Hospital.
FUTURE GROWTH STRATEGIES
• Strata-title each unit individually for capital uplift
• Add value through outdoor enhancements .
• Leverage stable returns for portfolio growth and refinancing opportunities
This property is a rare combination of yield, quality, and future potential in one of Toowoomba's most secure investment precincts. Whether you're a local investor or expanding a national portfolio, 20-22 Doherty Street offers strong fundamentals and excellent upside.
Contact us today to request the full Information Memorandum and arrange your private inspection.
Disclaimer:
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.
