SoldJul 7, 2025

2/122a Russell Street, Toowoomba City, QLD, 4350

$422,000

2
1
1
51 m²
77 m²

Unit

24 days on the market

Sold: Jul 7, 2025

What's around 2/122a Russell Street

Fantastic "Blue Chip" Investment Opportunity in the Vibrant Heart of the Toowoomba CBD

Perfectly positioned in the vibrant heart of Toowoomba, this spacious ground-floor unit offers the ultimate in convenience and lifestyle. Nestled in a secure, gated complex of just 10, this solid double-brick residence has been tastefully renovated and is just a short stroll from cafes, restaurants, boutique shops, medical centres, Queens Park, Grand Central Shopping Centre, and public transport, making it ideal for owner-occupiers and investors alike. With everything at your fingertips, there's truly no need for a car. Currently leased at $425/week until April 2026, this property also presents outstanding rental potential of $450 - $475/week at lease renewal, or over $500/week if fully furnished. Property Highlights: • Spacious open plan living, dining and kitchen with high 9ft ceilings • Two generously sized bedrooms with built-ins and brand-new carpet • Freshly painted throughout with modern lighting, curtains, and fixtures • Stylishly renovated bathroom with new tiling, fittings and paint • Updated kitchen featuring modern tapware, excellent storage, and space for a mobile island • New flooring throughout for durability and easy maintenance • Internal laundry with storage, new vanity, and separate toilet • Natural gas for cooking and hot water • Security screens on all windows and doors • Single carport at the rear, ideal for undercover parking or additional entertaining space • Electric-gated access and well-managed by Toowoomba Strata (CTS 11854) Investment Snapshot: • Current Rent: $425/week (lease until 14 April 2026) • Rental Potential: $450 - $475/week | $500+ if furnished • Council Rates: Approx. $1,155.18 half yearly • Water Rates: Approx. $335.75 half yearly • Body Corporate: $612/quarter (includes admin, insurance & sinking fund) • Water Efficient Certified - tenant pays full water usage • Built: Circa 1978 School Catchments: • Primary: Toowoomba North State School • Secondary: Harristown State High School This is a rare chance to secure a fully renovated, low-maintenance unit in a tightly held, central location with exceptional rental appeal. Whether you're stepping into the market, downsizing, or looking for a high-yielding investment - this one ticks all the boxes. Contact John Rizqallah on 0427 976007 for more information or to arrange your Private Inspection

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