Duplex - 2x 1 Bedroom units with bonus Utility Spaces - SOLD OFF MARKET!!
This is a duplex comprising of 2x 1-bedroom units. Each have had their original garage enclosed & a carport added to the front, which now gives you an extra living/utility space which is great. The carports were added on in the 80's we believe. There are zero body corporate fees, just standard insurance that covers both.
Unit 1 has had their rent increased to $265 as of 12/04/2025 & they are now paying for excess water. This is an older lady with a small dog. She does have her son staying there at present, but this is not permanent. She has a reverse Cycle Air con installed in the living room
Unit 2 is now paying $285 per week as of 8/04/2025 as this one has a new kitchen installed. He is also paying for excess water as well. He is an older gentleman living on his own with a kitten.
The units are individually metered with slave units installed at the back of each unit.
There is currently a gardener doing both yards & the owner is paying for this themselves, you could look at the tenants paying for this in the future moving forward if you so desired.
Rent return of $550 per week, the seller is looking at "Offers Over $599k" so if you were to purchase this for $600,000 (as an example) then you would have a 4.76% gross rental return.
This type of accommodation is in major demand because single people generally can't afford a 2- or 3-bedroom unit. You would have many, many applicants should you ever need to change one in the future. I have a friend of 60 who recently passed away in a 1-bedroom unit & he was there for about 10yrs as there were no other suitable options that came up in Toowoomba. These are a great investment!!
Note: internal/external photos used are from a previous marketing campaign. The video was taken last week
Call Scott if you have any further questions
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