POSITIONED IN A GENTRIFYING STREET for desirable capital growth prospects, 'Park Link' is an ENTIRE UNIT BLOCK of 12 Units - each with solid lease income - in North Toowoomba, Queensland.
INVESTOR QUICK GLANCE:
- Gross Rent Return 5.57% annually based on Offers From price
- 12 x 2 Bedroom/1 Bathroom Units, each with a carport
- Annual gross rent income: $183,820.00
- Contemporary construction is fully complete, was built in stages 2013-2018
- Outgoings and list of LOW-MAINTENANCE features below
SOLID LEASES AND INCOME HERE:
- 12 current leases
- Many through to late 2021
- Managed by our Property Management department:
Unit 1 - $295.00/wk - until Sep 2021
Unit 2 - $295.00/wk - until Sep 2021
Unit 3 - $295.00/wk - until Nov 2021
Unit 4 - $295.00/wk - until Sep 2021
Unit 5 - $290.00/wk - until Jul 2021
Unit 6 - $295.00/wk - until Jul 2021
Unit 7 - $295.00/wk - until Jan 2021
Unit 8 - $295.00/wk - until Jan 2021
Unit 9 - $295.00/wk - until Jun 2021
Unit 10 - $295.00/wk - until Sep 2021
Unit 11 - $295.00/wk - until Mar 2021
Unit 12 - $295.00/wk - until Mar 2021
ANNUAL INCOME AND OUTGOINGS (Approx.):
- Annual gross rent income: $183,820.00
- Body Corp: None
- Water Access: $1,200 + Tenants pay consumption
- Rates: $12,400
- Insurance: $7,000
- RE/MAX Success Lease Management fees: $16,500
- This Unit block shows a consistent history of long-term, highly compliant tenants with desirable payment histories
THE BUILDINGS AND ALLOTMENTS:
- 6 x 2 Unit Duplexes = 12 Units: each 2 Bedrooms, 1 Bathroom, 1 Carport
- On two titles with NO overlapping easements
--- Lot 9 is approx. 85m deep x 19.5m wide (1,658 square metres approx.)
--- Lot 10 is approx. 82m deep x 19.5m wide (1,599 square metres approx.)
------ Total combined land area is approx. 3,257 square metres
- Steel-frame construction removes the risk of White-Ants
- Brick-veneer buildings
- Contemporary design, with buildings constructed in stages across 4-5 years from 2013 to 2018
EACH UNIT FEATURES:
- Spaciousness across 2 Bedrooms, 1 Bathroom and 1 Carport
- Reverse-cycle air conditioning
- A dishwasher
- Water efficient devices
- A huge 400 litre Solar hot water system
- Best possible internet connectivity, with NBN to each Unit rather than only to the street (FTTP)
- Well-designed bedroom cupboards with shelves, hanging space and additional higher shelves
- Internal additional data access points for television streaming
- ANL security screens and security doors
- Lovely shade to each Unit from carport
EASY LONG-TERM MAINTENANCE:
- 12 mail boxes WILL NEVER RUST: aluminium, sealed in a pack
- Highly DURABLE retaining walls: concrete post and concrete sleepers, and each less than 1m high
- Long-term DURABLE fencing: Colorbond steel
- Rubber bumpers to 4 visitor carparks to PROTECT fence
- Durable well-protected power box is SHELTERED within an extra skin in a concrete-based steel enclosure
- Front 4 units have LED fluro lights which NEVER need maintenance
- Internal carpets under premium WARRANTY by Andersens Carpets
- Virtually maintenance-FREE backyards with landscaping stone
::::: Except unit 7 which is easily maintained by the Tenant
- Emphasis on EASY-CARE plants and low-maintenance common areas
PARKING AND ACCESS:
- 16 carparks total
::::: 4 Visitor carparks at front
::::: 12 Carports, 1 to each Unit
- Extra-wide spacious driveway for harmonious community living
- Ample space for trade/delivery vehicles to park
- Opportunity exists to add an electronic gate
::::: The entrance has been designed for this, with power outlet/cable conduit in place
- Wide street
ALSO:
- 50% of Units have a ceiling fan to each bedroom
- All units are fitted with low power-usage Fluro light tubes in living areas
- Each Unit is individually metered - read and billed by agent for water supply
- Solar electrical roof systems
::::: Each is 3kW per unit except Units 9 and 10 at 1.5kW
- 6 rear Units have water tanks for grey-water use (toilets and washing machine)
- All units have functioning water pressure reducers as the street is noted for high water pressure (50mm poly main Water line to Unit block)
NORTH TOOWOOMBA IS REVITALISING:
- The land along the whole street on the west side is owned by the council
- Plans exist for REMOVAL OF SHEDS and creation of parklands to creek, however no timeframe has been announced
- Council proposes a pedestrian/cycle track along the creek, linking the upcoming gorgeous Railway Precinct parklands
::::: All this will powerfully re-positioning the area's liveability and vitality!
WHAT'S NEARBY?
- Bordered by nicely presented Council parklands at rear and on half of one side
::::: Park offers tennis courts, shade and swings!
- 350 metres to Bus Stop
- 800 metres to Bunnings
- 850 metres to Coles and Aldi at Northpoint Shopping Centre
- 1.8km to Toowoomba State High School
- 2km to Harlaxton Primary School
- 2km to CBD
WITH THE STREET AND AREA RE-VITALISING, and this Unit Block showing an ATTRACTIVE YIELD with many LOW-MAINTENANCE features, Professional Investors should SHORTLIST, SEE AND GAIN!
FOR YOUR CONVENIENCE, we're available to answer your questions and to arrange your on-site tour. INSPECTION RECOMMENDED.
***Disclaimer: All care taken, however you're encouraged to independently verify all figures and indications.
