$4,500,000

2 Bed  •  2 Bath  •  1 Car

Main view of Homely block of units listing, 422 West Street, Kearneys Spring QLD 4350
Second view of Homely block of units listing, 422 West Street, Kearneys Spring QLD 4350
Third view of Homely block of units listing, 422 West Street, Kearneys Spring QLD 4350
+20

Sold

422 West Street, Kearneys Spring QLD 4350

Copy address

$4,500,000

  • 2
  • 2
  • 1

Block of Units Sold on Tue 3 May, 2022

What's around West Street

Block of Units description

“16 Townhouse Complex - Outstanding Residential Investment - Low Risk with Strong Returns”

It's time to secure yourself a prosperous future with this outstanding investment opportunity. Positioned in a high demand area, this stunning complex of 16 semi furnished units cater to a variety of tenants and are currently fully occupied for optimal return on investment.

Completed in 2015 now is your opportunity to buy one of strongest residential investment properties on market in South-East Queensland. with a gross income of approximately $282,880 per annum in a highly sought-after location across from the University of Southern Queensland, easy access into Toowoomba's CBD, Public and Private Hospitals, Wellcamp Airport and industrial precincts.

This simply is a sensational opportunity that has had experienced high occupancy rates with a solid tenant base, including many long term and continuing tenants. With vacancy rates continuing to tighten and demand for quality rental properties increasing there has never been a better time to invest in the Toowoomba market than now.

At A Glance:
* 16 x two bed, two bath, one garage town houses.
* Additional visitor carparking in the complex
* Solid and content tenant portfolio, with zero vacancy
* Strong rental yields, returning approx. $345 p/w per unit
* A combined yield of over 6%
* Gross Income of approximately $282,880 per annum
* Central Kearney's Spring location, close to many popular amenities
* Low maintenance investment, with a strong rental yield & modest overheads

Make sure you don't miss out on the buoyant and rapidly rising property market. Utilise the substantial rental returns to generate a healthy income while using capital depreciation to offset the modest overheads.

Please enquire to receive access to our data room to peruse tenancy schedule and other detailed information.

Accelerating success. Contact Dominic Ryan or Louise Bizzell from Colliers International Toowoomba for more information.

Property features

builtInRobes

Built-in Robes

courtyard

Courtyard

dishwasher

Dishwasher

outdoorEnt

Outdoor Entertaining

remoteGarage

Remote Garage

secureParking

Secure Parking

Property video

Can't inspect the property in person? See what's inside in the video tour.

Fourth view of Homely block of units listing, 422 West Street, Kearneys Spring QLD 4350View more
Fifth view of Homely block of units listing, 422 West Street, Kearneys Spring QLD 4350View more

Contact the real estate agent

This property has been sold
But you can still contact the agent
422 West Street, Kearneys Spring QLD 4350
By submitting your enquiry, you agree to our Privacy Policy.

Nearby schools in and around Kearneys Spring, QLD

Top reviews by locals of Kearneys Spring, QLD 4350

Discover what it's like to live in Kearneys Spring before you inspect or move.

Discussions in Kearneys Spring, QLD

Wondering what the latest hot topics are in Kearneys Spring, Queensland?

Similar Block of Units for sale in Kearneys Spring, QLD 4350

Properties for sale in nearby suburbs

Report Listing