8 Julia St, Toowoomba City QLD 4350

Huge inner city opportunity with holding income showing 6.7% return


Ever thought of starting a hotel or short stay accommodation, Airbnb is opening doors for everyone. A Hotel is exempt from planning assessment on this site, according to the Toowoomba council planning scheme. Or do you want 326sqm of prime inner city office space for your growing business? Offices are also exempt from the planning scheme on this site. You can almost do what ever you like with this building.

With the convenience of office works 50m away, empire theatre restaurant 50m away, coffee shops on Ruthven Street close enough to pop down for morning tea, there is no shortage of options with this building.

Designated as the commercial core, and zoned as principle centre, you could potentially go up to 12 stories on this site.

Or you could land bank the site with guaranteed capital growth given the location, location, location, while still been positively geared.

There is a very low turn over of tenants with two of the tenants being there for about 20 years. Once you get into a place like this you never leave. Each of the four units is rented for $225/week, except for the matriarch of 8 Julia Street, who gets a $5/week discount. There is also a small storage shed in the back yard that you could probably rent for another $50/week if you like.

All the units are individually water metered and water efficient, so the tenants pay for the water. The units have all been recently painted, and with very basic fittings and fixtures the place should be relatively maintenance free for the next 20 years.

The owner must sell so phone today if you have any interest, we look forward to your call!

Offers must be over $699,000!