ACCOMMODATION FACILITY IN TOOWONG – INCOME OF $6,150/wk
Adam Holmes-Barry at King Property Specialists exculsively presents this outstanding Investment Opportunity with Development potential. (STCA)
This accommodation facility is fully occupied, fully revovated and sits on over 1,200m2 of land in the highly afluent suburb of Toowong QLD 4066.
FINANCIAL FEATURES
– $320,000/yr Gross Income*
– 22 Rental Incomes paid fortnightly
– Long term lease structure
– Management options available
– Contact agent for further analysis
INVESTMENT FEATURES
– In excellent condition, no work required
– 100% Occupancy, long term leases
– 22 Rental Units (18 with ensuites)
– Large communal breakout space
– Outdoor entertainment space
– Gym
– Pool
– Office
– 10 Car Parks
DEVELOPMENT FEATURES
– 1,266m2 of Land
– Split into 3 x 400m2 lots
– Contours slope to street level
LOCATION LOCATION LOCATION
Properties in Toowong have had a 15.9% capital gain over the last 12 months.
The average sale price for a new home on 400m2 of land sits between $1.5-2m.
The suburb is less than 10 minutes from Brisbane CBD, with ample public transport routes to both sides of the river.
DESTINATION FEATURES
4KM – BRISBANE CBD
50m – City Bus Stop
500m – Mt Cootha Botanical Gardens
1km – Toowong Shopping Village
1km – Toowong Train Station
1km – Auchenflower Train Station
2.3km – Milton Train Station
2.7kms – Suncorp Stadium
3km – The University of Queensland
4.5km – Queensland University of Technology
*Income based on fully occupied dwelling
STCA = (Subject to Council Approval)
Please contact Adam for more information and to express your interest.
Disclaimer – All information and suggested development options contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer’s own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.
