Perched high in South Toowoomba capturing the wonderful easterly breezes this one owner triplex is heading to the market for the first time.
Currently returning $635 per week representing a 6.25% ROI of the asking price.
Built approximately 41 years ago there is some updating to do but the position alone means that you can do that progressively over time and at the same time reap the benefits of your investment as you do. Both units 1 & 2 are in original but tidy condition with great tenants. Unit 3 does need some work once the current tenant moves on.
Each unit consists of a lounge/dining, kitchen, 2 built-in bedrooms, bathroom, separate toilet and separate laundry. The living space of unit 1 is slightly larger than the other 2 units and it has a lockable garage with internal access, whereas the other 2 units have a carport each. The complex has views to the east, is positioned so very well close to Centenary Heights State High School, Southtown Shopping centre, Anderson Park sporting fields and public transport. Only a step further afield you find the Range Shopping Centre, St. Vincents Hospital, Toowoomba Grammar, High Street Plaza and Rangeville State School. As a result, there has never been an issue with these being rented in a timely manner and with tenants in place who would like to stay the income is assured over time.
Position, position, position – it is always the catch cry. This alone is reason enough to consider this as your next investment. Call Lachlan on 0418185220 today to arrange for a private inspection.