117 Bridge Street, Mount Lofty QLD 4350

Auction @ House Estate Agents Office - Sunday 29 March @ 2pm.

A once in a lifetime opportunity - screams LOCATION. Set in prime north east Toowoomba, this 1012 m2 block offers a 2 bedroom, 1 bathroom cottage & a separate street front shop.
Always wanted to have your own business? Capitalize on the location amongst other Bridge Street boutique shops whilst living in, or renting out this delightful cottage next door.

Alternatively, as an investment opportunity, the existing lease on the house & shop currently has a gross return of $31,860. An excellent investment with future development potential .

This rare opportunity will not be around for long â?? Prior offers encouraged .
Extra information: current tenant's lease of house & shop runs out the end of February 2016 .The tenant has expressed an interest in taking on a 3 plus 3 further lease after the end of Feb.

Outgoings Rates $4978.28 a year Insurances $1592. a year .
Rent is $1,615 a month for the shop .The house is rented for $1,040 a month .
Potential with council approval to divide block .