824 Ruthven Street
Kearneys Spring Qld 4350
Price: Offers Over $649,000
4
Bedrooms
2
Bathrooms
1
Parking
624
Approx Sqm
Property Description

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 at $400.00 per week
::: Featuring lovely updates throughout

– 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
– Single car garage

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
– 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.

Amenities

Built in Robes
Broadband
Balcony

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