5 ROYAL STREET, TOOWOOMBA CITY
Located within the inner city, this character block of apartments is located in the south-west corner of the Toowoomba Railway Parklands Priority Development Area. Within walking distance of all city amenities, this represents an enticing investment opportunity, in a city experiencing unprecedented growth. this property represents potential for enormous growth, and an income of upwards of $52,000 gross per annum ensures return on investment is solid.

In conjunction with the Local and State Government, a PDA (Priority Development Area) is firmly in place, with a clear vision to incorporate the historic railway area and unused industrial buildings into a dynamic, culturally significant area. Considerable thought has produced plans which link the vibrant heart of the city to quality recreational, medium density residential, retail and commercial spaces. This apartment block is ideally positioned to take advantage of such wonderful facilities.

Two stories and originally built over a century ago, as accommodation for railway travellers, the building has undergone extensive renovations – expanding individual residences into four fully self-contained one to three-bedroom apartments. VJ boards and 3 metre ceilings are evident throughout. Perched on an elevated allotment, with eastern views towards the massive railway precinct, these apartments are ideally located to take advantage of sensational inner city living. The property is strata titled but sold as a single entity, with a community managed scheme in place. All four apartments have long term tenants.

Current market conditions strive to support stability, growth and confidence. Surrounding properties continue to evolve as the area is reinvigorated. In such a desirable location.

Unit 1 – 2 Bedroom, large deck facing East, Ground level & tenant paying $305 per week Unit 2 – 2 Bedroom, tenant paying $225 per week Unit 3 – 1 Bedroom with study or sunroom, tenant paying $220 per week Unit 4 – 3 Bedroom or 2 plus study. Large sunroom as a bonus with excellent views to the city, tenant paying $270 per week.