Expand Your Investment Portfolio!
Block Of Units - TOOWOOMBA CITY QLD
– Complex of 4 units all tenanted on long leases
– Gross rent of $1,085 per week
– 5.94% gross rental return
– 2 renovated & 2 not renovated – potential to value add
– 878m2 allotment on CBD fringe
– 2 built-in bedrooms
– Lounge dining
– Generous kitchen
– Family bathroom & independent laundry
– Reverse cycle air-conditioners
– Outdoor entertainment area
– Single carport
Located on the CBD fringe this double story 4-plex is 1.1km from Grand Central Shopping Centre & 600m from the Botanic Gardens & Queens Park. Situated on a massive 878m2 privacy fenced allotment it is the perfect addition to your investment portfolio!
All 4 units are currently tenanted with a gross rent of $1,085 per week, roughly 5.8-6% return! They have long leases, the first falling due in July 2018, one in February 2019 & the other two in March 2019.
2 of the units have been renovated and 2 are yet to undergo a renovation offering an excellent chance to further value add – just like the current owners have!
Each unit offers 2 built-in bedrooms, combined lounge / dining, generous kitchen, family bathroom, independent laundry, reverse cycle air-conditioning, stunning timber outdoor entertainment areas & single carports with a circular drive through driveway.
As the current owners gear up for retirement, don’t miss your chance to add an inner city crown jewel to your portfolio.
The general rates for the property are $2,774.79 net per half year, and water access is $421.20 net per half year plus consumption.
Set yourself up for your future! For your convenience The Daniel Burrett Team is available 7 days a week to arrange your private viewing.