OFFERS NOW CLOSING THURSDAY 6TH NOVEMBER AT 10AM
Held by the same owner for 53 years, this tightly held five-unit complex occupies a generous 1,098m² landholding moments from the Toowoomba CBD. Returning $1,140 per week* across five dwellings, it's a set-and-forget income stream today with serious long-term potential for value-add, refurbishment or future redevelopment (subject to council approvals). Opportunities with this much land, this close to town, rarely come to market.
At a Glance
- 5 units on one title | 1,098m² allotment close to the CBD
- Configuration: Five dwellings (1 x 2-bed, 4 x 1-bed)
- Parking: 5 x single carports
- Current income: $1,140/week* ≈ $59,280 p.a.*
- Scope to upgrade and lift returns, or explore future redevelopment (STCA)
- Car accommodation: 5 x single carports (one per unit)
- Close to the Toowoomba CBD, St Saviour's School and Queens Park, with cafés, shopping and everyday amenities within easy reach
- Building & Pest Inspection reports available upon request
The Units
- Unit 1 (largest): 2 bedrooms, updated kitchen and bathroom, north-facing open-plan living and patio, plantation shutters, timber floors, single carport.
- Units 2–5: One bedroom each, practical layouts, each with a single carport.
Rental Snapshot*
- Unit 1: $290/wk | Lease ends 26/05/2026 I Next rent review 27/05/2026 | Rent appraised $380–$400/wk
- Unit 2: $220/wk | Lease ends 18/06/2026 I Next rent review 19/06/2025 | Rent appraised $260–$280/wk
- Unit 3: $210/wk (to $230 in Dec) | Lease details 19/10/2026 I Next rent review 19/12/2026 | Rent appraised $260–$280/wk
- Unit 4: $200/wk (to $220 in Dec) | Lease details 19/04/2026 I Next rent review 19/12/2026 | Rent appraised $260–$280/wk
- Unit 5: $220/wk | Lease ends 25/07/2026 I Next rent review 26/07/2026 | Rent appraised $260–$280/wk
Current gross income: $1,140/week* (≈ $59,280 p.a.)
*Figures are provided as advised at the time of preparation and are not a guarantee.
Council Rates: $5,081.24 per half year
Water Rates: $397.27 per half year
Insurance: $6,936.53 annually
Appraisals are indicative only and depend on market conditions, presentation and tenant demand.
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