SOLD

In one of the best locations in town, handy to the CBD, Queens Park and Northpoint Shopping Centre, and within walking distance to the TAFE campus, this three-unit complex sitting on two titles totalling 663sqm on the corner of Partridge and French Streets in East Toowoomba offers unrivalled potential for the savvy investor.
All three units are tenanted and have had various updates over the years including the exterior recently being rendered and painted, security doors installed and some windows with security screens.
Unit 1: 1 x bedroom with built in cupboards and ceiling fan, 1 x bathroom, 1 x covered carport, internal laundry, polished floors throughout, recently painted and with newer blinds throughout. Unit 1 is rented at $215 per week to a long-term tenant.
Unit 2: 2 x bedrooms, 1 x renovated bathroom, 1 x covered carport, shared laundry and air conditioning to the living area. Unit 2 is rented at $225 per week.
Unit 3: 2 x bedrooms, one with built in cupboards, 1 x bathroom, 1 x covered carport, shared laundry and renovated kitchen. Unit 3 is rented at $205 per week to a long-term tenant (increasing to $215 per week in January 2022).
Rates are approximately $2428.11 per half year and water is approximately $314.95 per half year, with insurance currently $1669.88 inc GST and stamp duty.
This could be a set-and-forget addition to the property portfolio or a development prospect STCA.
At a glance:
*3-unit ...