THIS WHOLE DUPLEX of 2 Flats in Newtown IS CURRENTLY YIELDING an attractive 5.8% annually in rent, based on the Offers Over Price; and it's presented by Harsha Kumarasinghe for The Jacqui Walker Sells Team.
SHOWING A SOLID RENTAL HISTORY, with good leases currently in place, BOTH FLATS HERE are on ONE TITLE and both are SELLING ALTOGETHER.
FLAT 2 features an updated Kitchen and Bathroom.
INVESTOR QUICK-GLANCE:
- 2 x Flats, side-by-side ... mirror image, selling as a Whole Duplex on 1 Title
- Across 2 Flats get total of 4 Bedrooms / 2 Bathrooms / 2 Internal Garages
- 713 Sq Mtr allotment, with side and rear boundary fencing
- Right now, showing Gross Annual Rent Income of $37,700
::: Unit 1 earning $360/wk until late-January, 2025
::: Unit 2 earning $365/wk until mid-September, 2025
- This results in anticipated gross rent return of 5.8% p.a. based on the Offers Over price
- Recent General Rates and Charges: $1,792.93 net half-year
- Recent Water Infrastructure Charge: May be $315.29 net half-year PER UNIT, then in general terms, usually the Tenants would pay consumption
- Entire duplex = ZERO body corp fees
- South-east orientation to street
SO LET'S ZOOM IN on this opportunity:
- Flat 1 remarks
::: Reverse-cycle AIR Conditioning to Living Room
::: Neat original Bathroom with shower and vanity
- Flat 2 remarks
::: NICELY UPDATED Kitchen and Bathroom
- Each with INTERNALLY ACCESSIBLE Single Garage
- Light-filled NORTH-EAST facing Living Rooms, to capture the whole day's lovely passing sun
- Each spacious eat-in Kitchens will comfortably host a 6-SEATER DINING Table
- Each with 2 spacious Bedrooms, and CEILING FANS
- Each Laundry Room offers a washtub, cupboard, appliance space and easy outdoor access to clotheslines in the shared backyard
- Value-adding SECURITY SCREENS
- Off-street visitor parking space
WHAT'S NEARBY?
- So handy! BUS STOP AT DOOR
- 450m to Newtown Primary School
- 450m to The Glennie School
- 550m to open, sprawling Norman Park
- 550m to Clifford Gardens Shopping Centre
- 750m to St Mary's College
- 850m to Laurel Bank Park
- 1.1km to Clifford Park Racecourse
- 2.0km to Grand Central Shopping Centre / CBD
- 2.2km to Toowoomba Hospital
- 2.7km to Harristown High
WHAT A COMBINATION: Showing a 5.8% gross annual rent yield based on Offers Over price ... nice updates to Flat 2 ... and good leases to both Flats ... on a great-sized in-town Allotment.
WHOLE DUPLEXES ARE THIN ON THE MARKET, so take action now on this opportunity to add a set of Duplex flats - showing current solid earnings - to your investment portfolio.
TOOWOOMBA IS BOOMING with Investors capitalising on the $1.6 billion Second Range Crossing, Airport Industrial Park, Regional Data Centre, new food precincts - and the $500m QIC Grand Central Shopping Centre upgrade.
FOR YOUR CONVENIENCE, we're available right now to answer your questions or to arrange your inspection. SEE THIS DUPLEX NOW!
***HANDY INFO AND SUMS courtesy of The Jacqui Walker Sells Team:
- Title: 2 Flats on 1 Title
- Real Property Description: Lot 2 on Registered Plan 112708
- Built: Properly 1976-79
- Local Government Area: Toowoomba Regional Council
- Internet: Each flat has NBN connectivity via Fibre-to-the-Node, FTTN
- State School Zone: Newtown Primary, P-6; and Harristown High,7-12
- Disclaimer: All care taken, however you're encouraged to independently verify all figures and indications.
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