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Back 824 Ruthven St
Off Market

824 Ruthven St

Kearneys Spring QLD 4350

4
2
5
624 m²
House
Last sold for $650,000
Jacqui WalkerJacqui Walker, last sold this property on 14 February 2022 after 152 days on market.

Overview

Large Residential Property With Commercial Income Stream On A Prime Corner

ALERT: This one's a large residential property with commercial income stream on a prime corner. WOW: Chiropractic Clinic space with reception and treatment rooms AND a sprawing home! SET ON A NEVER-TO-BE-REPEATED CORNER near major Sports Ovals - on the city's MAIN STREET - this COMMERCIAL and RESIDENTIAL bundle with lease income is now For Sale. INVESTOR FAST GLANCE: - 3-level Commercial and Residential bundle - Main street position - 624 square metre CORNER allotment - Commercial lower floor is leased ::: Chiropractic clinic tenant / medical sector ::: From Sept 2021 to Sept 2024, with 2 x 5 year options ::: 3 year lease earns $18,155.00 inc GST first year ::: Market Review Sept 2024 if option to renew is exercised ::: 4 x Annual CPI reviews 2025-2028 - Upstairs residential home is leased ::: Lease renewal due October 2021 ::: $400 is what we can get in this market when it comes to renewal time ::: Current 12 month lease ends 31/01/22, at $345.00 per week ::: Featuring lovely updates throughout - As of January 2022, combined gross rent yield based on Offers Over Price: 5.99% p.a. SPRAWLING ACROSS 3 LEVELS, let's Zoom-In on this opportunity: THE COMMERCIAL ASSET - LOWER FLOOR: - Currently leased to a Chiropractic Clinic - 6.1m x 6.0m light-filled reception and waiting room area - 2 spacious treatment rooms - Laundry, patient toilet, storage room - And a single car garage at back ::: Garage is currently part of the residential tenant's lease THE RESIDENTIAL ASSET - MIDDLE FLOOR: - First huge living room ::: This leads to a lovely balcony - Large updated kitchen - Spacious dining room ::: Flows to additional rear east-facing balcony THE RESIDENTIAL ASSET - UPPER FLOOR: - Huge living room :::: 3rd balcony area - 4 bedrooms, 1 with an ensuite - Main bathroom - Private toilet - Store room ZOOMING IN ON THE SITE: - Parking for Chiropractic Patients on wide driveway, accessed from Ruthven Street - Single car garage to lower floor - Recent General Rates: $2,763.26 net 1/2 yr - Recent Water Access: $335.72 net 1/2 yr - Local Government Area: Toowoomba Regional Council - Front Orientation: West - Allotment size: 624 square metres approx - Dimensions on longest sides: 31.09m x 20.1m approx - Real Property Description: Lot 5 on Registered Plan 151106 - Internet: Fibre to the Premises, not just the street (FTTP) - State School Zones: Middle Ridge Primary (P-6); Centenary Heights High (7-12) TOOWOOMBA ECONOMIC SNAPSHOT: - Toowoomba region population approx. 170,000 - Toowoomba has a gross regional product of $11.56 billion - $1.6 billion Second Range Crossing completed 2019 - $500m QIC Grand Central Shopping Centre upgrade completed 2018 - New Airport Industrial Park - New Regional Data Centre - Ruthven Street is the main street in in Toowoomba, at south and north becoming the New England Highway - Toowoomba is a key strategic link in the National Land Transport Network WHAT'S NEARBY? - Across Carey Street Corner to landmark Nell E. Robinson ovals and playground - 200m to Fuel & Takeaway options - 1km to Kmart at Toowoomba Plaza - 2.5km to Centenary Heights High School - 2.5km to Middle Ridge Primary School - 3.3km to major Grand Central Shopping Centre / CBD A RARE BUNDLE of Commercial and Residential on a VERY PROMINENT LANDMARK CORNER and with LEASE INCOME, it's clear that 824 Ruthven Street represents a MUST-SEE OPPORTUNITY FOR INVESTORS. FOR INSPECTION OR MORE INFORMATION, Chan De Silva with Jacqui Walker is standing by right now for your message or call. SEE, ACQUIRE AND GAIN! ***Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.

Features

4 bedrooms
2 bathrooms
5 carspaces
4 carport spaces
1 garage space
624 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Kearneys Spring over the last 12 months, the estimated median property value of 824 Ruthven St is $945k.

Median value
$945k
Estimated value range
$550k - $1.32m
Median days on market
32
Estimated value trend
22%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Kearneys Spring. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 824 Ruthven St

2024
Rented
Undisclosed
Leased on 15 May 2024 by RE/MAX Success
2022
Sold
$650,000
Private Sale/Treaty on 14 Feb 2022 by Jacqui Walker, of RE/MAX Success
2022
Rented
Undisclosed
Leased on 07 Jan 2022 by RE/MAX Success

Happy sellers in Kearneys Spring

97%
97% of sellers in Kearneys Spring reported that their sale price either exceeded or met their price expectations.

Kearneys Spring stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 31 reviews in Kearneys Spring over the last 12 months.

Local market activity for 4 bedroom houses in Kearneys Spring

In the last 12 months, 57 four-bedroom houses similar to 824 Ruthven St, have been sold.

This represents a 38% increase in four-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Kearneys Spring

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Jacqui Walker

Sellers who recommend Jacqui Walker have praised them for being clear communication, local expert, responsive, friendly, supportive, dedicated and reliable

  •   4.9   (585 reviews)
  •  6 Reviews in Kearneys Spring
  •  23 Sales in Kearneys Spring
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Lochie Wagner

Lochie Wagner is a recommended agent for Kearneys Spring.  They have 7 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (12 reviews)
  •  3 Reviews in Kearneys Spring
  •  7 Sales in Kearneys Spring
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Matt Hawkins

Sellers who recommend Matt Hawkins have praised them for being clear communication, local expert, responsive, honest, reliable, dedicated and supportive

  •   5   (382 reviews)
  •  3 Reviews in Kearneys Spring
  •  6 Sales in Kearneys Spring
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Joe Ryan

Sellers who recommend Joe Ryan have praised them for being local expert, clear communication, honest, reliable, supportive, responsive and friendly

  •   4.9   (149 reviews)
  •  3 Reviews in Kearneys Spring
  •  2 Sales in Kearneys Spring
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