Investors want three things when they buy an investment property. They want an excellent rental return, they want a great tenant in place who keeps the place clean and tidy and they want a long-term lease in place. This property ticks all of those boxes.
The location is a bonus and now is the time to invest in Toowoomba while interest rates are low and prices are extremely affordable.
It is close to the Wilsonton shopping centre, St Andrews Hospital and both primary and high schools.
This property has many features, which include the following:
3 bedrooms, 2 doubles and 1 single
Spacious separate lounge room
Huge rumpus room
Modern kitchen with dishwasher and s/steel electric cook top and oven
Updated bathroom with shower over bath
2 toilets
Inside laundry
Internal paint and floor coverings in excellent condition
Gas points for heating
Ceiling fans
Reverse cycle air conditioner
Fully fenced 400m2 block and land zoned with potential to build a dual duplex subject to council approval
Single carport
Rates: $954.06 nett ½ year
Water access $270.00 nett ½ year
Currently rented at $309.00 per week until February 2022 (rent to rise every 12 months or the term of the lease by a minimum of 3% from February 2019 to allow for CPI increases)
Tenant has been living in the home for 5 years and loves the house and the area/location. This is a no brainer for the astute investor for the growth suburb of Newtown.
Call John Rizqallah from York Realty or Andrew Smith from the Real Estate People to arrange a private inspection. Remember we need to allow at least 24 hours’ notice for the tenant
7 Monash Street, NEWTOWN
6.2% gross rental return with a 3 year lease in place!!
John Rizqallah
Sales Professional
mobile 0427 976 007
phone 07 46 136 777
email Johnr@yorkrealty.com.au
Scott Couper
Sales Professional
mobile 0418 534 144
phone 07 46 136 777
email scott@yorkrealty.com.au
York Realty
location
346 Ruthven Street, Toowoomba City, Qld 4350 and 1 Highfields Road, Highfields, Qld 4352
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