UNIQUE INVESTMENT OPPORTUNITY – FULLY FURNISHED TRIPLEX
This fully furnished Triplex is a dream investment for any astute investor looking for an increased yield in the current climate. Conveniently located in a quiet street in one of the most highly sought-after suburbs in Toowoomba. Ideally situated 1km to the Toowoomba Base Hospital and 2km to the heart of the Toowoomba CBD making the units extremely attractive to work professionals or out of towners seeking convenient accommodation central to all amenities.
Currently tenanted to medical professionals because of the proximity to the hospital and the need for fully furnished leasing during work placements. Current leases are in place for 6 months and 12 months.
This triplex is over one title therefore no strata fees, lowering overall holding costs and alternatively there is the ability to strata title if desired. The completed building & pest report shows the fire walls are intact, and water meters are separate but single billed. Completed Building and Pest report available on request.
CURRENT INCOME
Unit 1 – 2 Bed, 1 Bath, 1 Car, appraised rent at $440-$450 per week Unit 2 – 1 Bed, 1 Bath, 1 Car, currently leased at $350 per week. Unit 3 - 2 Bed, 1 Bath, 1 Car, currently leased at $450 per week
Total appraised rent for current leases $1,240.00 per week
PREVIOUS AIR BNB INCOME
2019 to 2022 run as short-term rental accommodation.
2022 annual income for all 3 units approx. $120k, with 80%+ annual occupancy. Income and occupancy report available on inspection.
COSTS
- Rates $2,247.90 Net Half Yearly - Water $314.59 - Electricity paid by tenants
Overall features include: 1. Fully furnished 2. Walk In Walk Out Sale – All white goods, soft furnishings, furniture, appliances, kitchen ware and decor included. 3. Polished timber floors 4. Built in wardrobes 5. Open plan living, dining and kitchen 6. Security Screens through out 7. Air- conditioning and ceiling fans 8. Private landscaped, fully fenced courtyards 9. New hot water systems 10. North-facing verandahs
Unique opportunity to obtain a solid blue-chip investment, fully furnished with an exceptional yield.
RealWay Property Partners is proud to present 1-3/2 Tame Street, South Toowoomba to the market. For more information or to arrange a private inspection, call our office on 0415 458 874 today
