824 Ruthven St, Kearneys Spring, QLD, 4350

SoldFeb 15, 2022

824 Ruthven St, Kearneys Spring, QLD, 4350

$650,000

624 m²

House

•

30+ days on the market

Sold: Feb 15, 2022

What's around 824 Ruthven St

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.

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Seller's review

about 4 years ago

Verified Review

We really enjoyed buying from Jacqui's team!

We recently bought an investment property from Jacqui and Chan. The team is so easy to deal with - they are responsive, helpful and very professional. The transition to the management team is also seamless. They also come with a lot of local knowledge and network. We look forward to working with them again.

Jason Cooke

Seller