33 Isabel Street, Toowoomba City QLD 4350

Inner City Triplex on an enormous 964m2 allotment, just meters from commercial zoning and situated at the end of a cul-de-sac - Welcome to 33 Isabel Street, Toowoomba City. Investment opportunities like this do not come up often, the current owner has held this property for just under 40 years with the current tenants of each unit being in each property for 18 years, 15 years and 10 years respectively. Whether you're looking for a high cash flow addition to your investment portfolio, a large inner city allotment you can land bank whilst again bringing in good cash flow or simply looking to invest in one of the country's highest growth locations, 33 Isabel Street will tick all the boxes.

Each unit offers:
Unit 1 - Ground level
- Two bedrooms, both with built in wardrobes
- Bathroom with shower, toilet and laundry in one
- Single bay carport
- Open living and dining space with direct access to the backyard
- Functional kitchen with electric cooktop and oven, servery window to the dining space and good amount of storage
- High ceilings throughout
- Security screens to all windows and doors
* Current Rental Appraisal: $260-$280 per week
* Current lease until 27/02/23

Unit 2 - Upper level
- Two bedrooms, both with built in wardrobes
- Renovated bathroom with shower, toilet and laundry in one
- Single bay carport
- Open living and dining space with views across the city
- Functional kitchen with electric cooktop and oven, servery window to the dining space and good amount of storage
- High ceilings throughout
- Security screens to all windows and doors
* Current Rental Appraisal: $270-$290 per week
* Current lease until 18/04/23

Unit 3 - Ground level
- Three bedrooms, all with built in robes and the master with ensuite and air-conditioning
- Two renovated bathrooms, the ensuite with large shower, toilet and basin and the main bathroom with the same configuration however boasting the laundry also
- Single bay carport
- Two living spaces including the main family space with reverse cycle air-conditioning and an abundance of natural light. The secondary living is ideal for a media room, sewing room or alternately could be used as a fourth bedroom with the addition of some internal doors
- The generous kitchen boasts natural gas cooktop, electric wall oven, ample bench space and a small breakfast bar
- North/East facing private covered alfresco
- High ceilings throughout
- Security screens to all doors and majority of windows
* Current Rental Appraisal: $390-$410 per week
* Current lease until 06/01/23

The property boasts a small garden shed on brick slab, two rainwater tanks and a large North facing backyard. The rear fence adjoins some of our city's most prevalent businesses on Russell Street showing just how close this property is to our CBD. The location offers walking distance to Grand Central Shopping Center, Laurel Bank Park, St Marys College and of course the CBD.

* All three tenancy's are coming to lease renewals
* Rates: $2,450.03 Per half year
* Water Rates: $349.55 Per half year
* Current yearly rental income: $45,760
** Future rental income as of April 2023: $48,880

A once in a lifetime opportunity awaits. We anticipate the next owner of this property will most likely hold onto this one for just as long as the previous owner. Act Now!

To arrange an inspection please contact Matt Hawkins on 0423 120 232 or send your enquiries to [email protected]