3 Colvin Street, Drayton QLD 4350

This five unit complex offers two street frontages with 3 units from Colvin Street and 2 units
from Frawley Street. Set on 1,265m2 the complex offers 2 x 3 bedroom units and 3 x 2 bedroom units on one title. With a return of $1,215 per week, equating to a 7% gross return, this property represents an excellent addition to any investors portfolio. With rents ranging from $200 per week to $260 per week securing quality tenants is never an issue and there is room to increase the yields or STCA potentially strata the units and on sell. All units are in a good condition with the front and rear two units having internal updates over recent years.

The property features:
- All units have single car lockup garage.
- All units with private fully fenced yard and private clothes line.
- Additional 2 guest car parks and ample street parking.


- Unit 1 - 3 bedrooms, modern and updated with fresh paint and carpets.
- Unit 2 - 2 bedrooms, open plan living and dining.

- Unit 3 - 2 bedrooms, open plan living and dining.

- Unit 4 - 3 bedrooms, private access from Frawley Street, updated internally, large bathroom, open plan living and generous large yard.
- Unit 5 - 2 bedrooms, updated to suit long term tenant of 7 years, modern with private access from Frawley Street and small yard.
- Average return per unit at $250/week ensures limited vacancies.
- 400m to Woolworths Drayton Shopping Centre with Chemist, Cafe, BWS and much more
- 6.5 kilometres to Toowoomba CBD.
- 16.1 kilometres to Brisbane West Wellcamp Airport.

Due to tenancies being in place we do need a minimum of 24 hours notice to inspect.
Please contact Cooper to arrange a time.