This four by two bedroom apartment complex represents an excellent addition to any investors portfolio. Fully occupied with long-term tenants and refurbished over time, this complex on one title returns $1,025 per week, with a 7.07 per cent gross return on investment. Situated within walking distance to the State Rose Garden, schools and shopping, whilst Toowoomba experiences unprecedented infrastructure projects.
- Each apartment features an open lounge and dining area
- Two bedrooms to each apartment with personal storage
- Bathrooms with shower recess, basin and toilet
- Separate laundries; security screening
- Three bay shed/garage and single carport car accommodation
- 5.2% net return based on current owner’s outgoings
- Average return per unit at $250/week ensures limited vacancies
- Extraordinary Joe cafe is 60 metres away
- 1.7 kilometres to Toowoomba’s Central Business District
- 15.5 kilometres to Brisbane West Wellcamp Airport