2/122A Russell Street, Toowoomba City QLD 4350

Perfectly positioned in the vibrant heart of Toowoomba, this spacious ground-floor unit offers the ultimate in convenience and lifestyle. Nestled in a secure, gated complex of just 10, this solid double-brick residence has been tastefully renovated and is just a short stroll from cafes, restaurants, boutique shops, medical centres, Queens Park, Grand Central Shopping Centre, and public transport, making it ideal for owner-occupiers and investors alike. With everything at your fingertips, there's truly no need for a car.

Currently leased at $425/week until April 2026, this property also presents outstanding rental potential of $450 - $475/week at lease renewal, or over $500/week if fully furnished.

Property Highlights:

• Spacious open plan living, dining and kitchen with high 9ft ceilings
• Two generously sized bedrooms with built-ins and brand-new carpet
• Freshly painted throughout with modern lighting, curtains, and fixtures
• Stylishly renovated bathroom with new tiling, fittings and paint
• Updated kitchen featuring modern tapware, excellent storage, and space for a mobile island
• New flooring throughout for durability and easy maintenance
• Internal laundry with storage, new vanity, and separate toilet
• Natural gas for cooking and hot water
• Security screens on all windows and doors
• Single carport at the rear, ideal for undercover parking or additional entertaining space
• Electric-gated access and well-managed by Toowoomba Strata (CTS 11854)

Investment Snapshot:

• Current Rent: $425/week (lease until 14 April 2026)
• Rental Potential: $450 - $475/week | $500+ if furnished
• Council Rates: Approx. $1,155.18 half yearly
• Water Rates: Approx. $335.75 half yearly
• Body Corporate: $612/quarter (includes admin, insurance & sinking fund)
• Water Efficient Certified - tenant pays full water usage
• Built: Circa 1978

School Catchments:

• Primary: Toowoomba North State School
• Secondary: Harristown State High School

This is a rare chance to secure a fully renovated, low-maintenance unit in a tightly held, central location with exceptional rental appeal. Whether you're stepping into the market, downsizing, or looking for a high-yielding investment - this one ticks all the boxes.

Contact John Rizqallah on 0427 976007 for more information or to arrange your Private Inspection