DUAL INCOME OPPORTUNITY
This inner-city investment is conveniently located in the heart of the CBD which boasts a unique opportunity being split between both Residential & Commercial giving many options for the savvy investor.
The upper residential level is currently leased at $460 per week through till 10 Jan 2024 and will be sold as a walk-in walk out option being fully furnished. Access is externally along with a spacious open plan layout that’s been tastefully renovated to a high standard including polished timber flooring and high-quality soft furnishings. A generously sized bedroom complete with lush carpet and a contemporary kitchen featuring an island bench with quality appliances working seamlessly with the open plan living space.
The lower commercial level is current leased annually at $35,500 plus GST + 50% of out goings through till 30 June 2025 and will be sold without any inclusions. It’s segregated with 2 main office rooms & 3 smaller rooms allowing to used person or multi-purpose such printing or meal rooms. There is also a shower, toilet & tearoom facilities with the carpets recently replaced its serves as a functional office space. This space has been updated with high grade commercial carpet.
This property allows for many options and currently gross returns an approx. $59,420 per annum. There is a private agreement in place between the current owners & the Anglican church for 2 car park spaces at $50 per week, which would need to be formalised by the new owners after purchase.
Overall property features include – New roof completed 2017, fully rewired and new switchboard along with the complete upstairs and downstairs internal renovations.
Upstairs Features Include: $460 per week rental return Generously sized master bedroom complete with beautiful soft furnishings. Open plan living with beautiful high-pitched ceilings, polished timber floors along with reverse cycle air conditioning. Well appointed, open plan kitchen with electric appliances, an island bench & dishwasher! Beautifully renovated bathroom facilities.
Downstairs Features Include: $35,500 + GST annually rental return 2 large office rooms equipped with built-in storage. 3 Smaller office rooms allowing for multi-purpose use. Tea room with wash facilities Separate toilet. Small bathroom with shower & basin. Recently carpeted & air-condition throughout.
RealWay Property Partners proudly present 1 Scouts Way, Toowoomba City. For more information or to book a private inspection please contact the team on 0415 458 874.
