Welcome to 311 Bridge Street – A unique opportunity to secure a prime piece of real estate in Toowoomba's rapidly developing Bridge Street corridor. Set on a generous 1547m² corner allotment, this complex features six private homes, including five self-contained one-bedroom units and a spacious three-bedroom, two-story home.
With commercial properties occupying every other corner of the intersection, this location offers enormous future development potential, making it an ideal investment for anyone looking to capitalise on Toowoomba's expanding commercial and residential growth.
• Low to medium density
• 1547m² corner allotment
• Five 1 bedroom, 1-bathroom units
• A 3-bedroom, 1 bathroom home with multiple living and storage space
• Unequipped bore
• Location perfect for access to shops, public transport and schools
• No body corporate fees
Currently rented:
House - $610 per week
Unit 1 - $300 per week (appraised at $330 per week)
Unit 2 - $300 per week (appraised at $330 per week)
Unit 3 - $300 per week (appraised at $330 per week)
Unit 4 - $320 per week (appraised at $330 per week)
Unit 5 - $300 per week (appraised at $330 per week)
* Rates: $5,542.50 per half year approx
The complex itself offers ample yard space, a concrete driveway, and a wash bay, combining convenience with functionality. When all units are tenanted, the property generates a reliable income stream of $1,975 per week, making it a solid investment from day one. The low to medium-density zoning further enhances its potential, allowing for a variety of development options and new opportunities.
Perfectly located for easy access to schools, shopping centres, parks and public transport, this property is well-positioned for both immediate rental returns and long-term capital growth. The surrounding area continues to see significant commercial and residential development, making this an ideal opportunity for an investor seeking a property that offers both steady income and substantial future upside.
The current owner has consistently maintained and updated the property, with most units featuring fresh paint, new flooring, updated kitchens, and modernised bathrooms over the past few years. With the growing commercial presence in the area and Toowoomba's ongoing expansion, 311 Bridge Street is primed for a new owner to unlock its full potential.
For more information, please contact Matt Hawkins on 0423 120 232 or matt.hawkins@ngurealestate.com.au
