A unique opportunity presents itself to the astute investor.

The investment comprises 10 x 2 bedroom units on two titles.

On a fully let basis the property is currently generating $125,060.00 annually.

Each unit has two large bedrooms, open plan kitchen, and dining and lounge room, single lock up garage with internal access, private court/back yards

Located in a very convenient and close proximity to all major amenities – University of Southern Qld, Drayton Shopping Plaza and Kmart Plaza, restaurants, sporting grounds, schools and overlooking parkland.

This prime position is highly sought after by tenants.

These units have been owned by the same owner for more than 25 years and have been a good solid safe passive income.

Individual lease details are as follows:

1/71 – $240 – 09/04/18 – 08/04/19
2/71 – $240 – 28/12/17 – 27/01/19
3/71 – $245 – 21/07/17 – 19/07/19
4/71 – $240 – 01/03/17 – 27/02/19
5/71 – $235 – 15/06/17 – 13/12/18

1/73 – $245 – 04/11/17 – 03/11/18
2/73 -$240 – 21/06/18 – 20/12/18
3/73 – $240 – 28/03/18 – 27/09/18
4/73 – $240 – 03/08/12 – 02/02/19
5/73 – $240 – 24/04/17 – 22/04/19

Allotment: 2,210m2
Title 145092010 and 14509211
Lots 3-4 RP 121144
Toowoomba City Council Rates – $5214.64
Water Rates – $936 nett 1/2 year + consumption
Land Value – $ 410,000

For further information and to arrange a viewing of this complex please contact Sue Edwards of Elders Toowoomba on 0437 377 988.