Whole Unit Complex - Inner City LivingOffers Above $749,000
1-4 / 5 Royal Street Toowoomba City QLD 4350
Whole Unit Complex - Inner City Living
This complex of four units is located within the CBD and Toowoomba Railway Parklands Priority Development Area offering strong future growth. Within walking distance to parks, schools, shops, cafes and all you need.
Some brilliant features include:
- Individually strata titled
- Reduced risk with 4 tenancies in one
- CBD location
- Priority Development Area for future growth
- Currently returning $1,020 per week
Located in the Toowoomba Railway Parklands Priority Development Area and CBD this complex offers an excellent investment opportunity currently returning a combined $1,020 across 4 units providing for a reduced risk investment while being able to maintain sole control of teh complex.
Two stories and originally built as accommodation for railway travellers, the building has undergone extensive renovations, expanding individual residences into four fully self-contained one to three-bedroom units. VJ boards and 3 metre ceilings are evident throughout. Perched on an elevated allotment, with eastern views towards the massive railway precinct ideally located to take advantage of inner city living.
The property is strata titled but sold as a single entity which allows future options to sell individually or continue as one. All four units have long term tenants with current rents being:
- Unit 1 – 2 Bedroom - $305 per week
- Unit 2 – 2 Bedroom - $225 per week
- Unit 3 – 1 Bedroom - $220 per week
- Unit 4 – 3 Bedroom - $270 per week
Contact us to arrange an inspection.