Main view of Homely house listing, 824 Ruthven Street, Kearneys Spring QLD 4350
Second view of Homely house listing, 824 Ruthven Street, Kearneys Spring QLD 4350
Floorplan of Homely house listing, 824 Ruthven Street, Kearneys Spring QLD 4350
Third view of Homely house listing, 824 Ruthven Street, Kearneys Spring QLD 4350
Fourth view of Homely house listing, 824 Ruthven Street, Kearneys Spring QLD 4350
+20

Under Offer

824 Ruthven Street, Kearneys Spring QLD 4350

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Offers Over $649,000

  • 4 Bed
  • 2 Bath
  • 5 Car
  • 624m²

House under offer11 days on Homely

House description

“Wow! 5.99% Annual Rent Return For Investors. Commercial And Residential Bundle On Important Corner.”

WOW: Chiropractic Clinic space with reception and treatment rooms AND a sprawing home!



SET ON A NEVER-TO-BE-REPEATED CORNER near major Sports Ovals - on the city's MAIN STREET - this COMMERCIAL and RESIDENTIAL bundle with lease income is now For Sale.



INVESTOR FAST GLANCE:

- 3-level Commercial and Residential bundle
- Main street position
- 624 square metre CORNER allotment

- Commercial lower floor is leased
::: Chiropractic clinic tenant / medical sector
::: From Sept 2021 to Sept 2024, with 2 x 5 year options
::: 3 year lease earns $18,155.00 inc GST first year
::: Market Review Sept 2024 if option to renew is exercised
::: 4 x Annual CPI reviews 2025-2028

- Upstairs residential home is leased
::: Lease renewal due October 2021
::: $400 is what we can get in this market when it comes to renewal time
::: Current 12 month lease ends 31/01/22, at $345.00 per week
::: Featuring lovely updates throughout

- As of January 2022, combined gross rent yield based on Offers Over Price: 5.99% p.a.



SPRAWLING ACROSS 3 LEVELS, let's Zoom-In on this opportunity:



THE COMMERCIAL ASSET - LOWER FLOOR:

- Currently leased to a Chiropractic Clinic
- 6.1m x 6.0m light-filled reception and waiting room area
- 2 spacious treatment rooms
- Laundry, patient toilet, storage room

- And a single car garage at back
::: Garage is currently part of the residential tenant's lease


THE RESIDENTIAL ASSET - MIDDLE FLOOR:

- First huge living room
::: This leads to a lovely balcony
- Large updated kitchen
- Spacious dining room
::: Flows to additional rear east-facing balcony


THE RESIDENTIAL ASSET - UPPER FLOOR:

- Huge living room
:::: 3rd balcony area
- 4 bedrooms, 1 with an ensuite
- Main bathroom
- Private toilet
- Store room



ZOOMING IN ON THE SITE:

- Parking for Chiropractic Patients on wide driveway, accessed from Ruthven Street
- Single car garage to lower floor

- Recent General Rates: $2,763.26 net 1/2 yr
- Recent Water Access: $335.72 net 1/2 yr
- Local Government Area: Toowoomba Regional Council

- Front Orientation: West
- Allotment size: 624 square metres approx
- Dimensions on longest sides: 31.09m x 20.1m approx
- Real Property Description: Lot 5 on Registered Plan 151106

- Internet: Fibre to the Premises, not just the street (FTTP)
- State School Zones: Middle Ridge Primary (P-6); Centenary Heights High (7-12)



TOOWOOMBA ECONOMIC SNAPSHOT:

- Toowoomba region population approx. 170,000
- Toowoomba has a gross regional product of $11.56 billion
- $1.6 billion Second Range Crossing completed 2019
- $500m QIC Grand Central Shopping Centre upgrade completed 2018
- New Airport Industrial Park
- New Regional Data Centre
- Ruthven Street is the main street in in Toowoomba, at south and north becoming the New England Highway
- Toowoomba is a key strategic link in the National Land Transport Network



WHAT'S NEARBY?

- Across Carey Street Corner to landmark Nell E. Robinson ovals and playground
- 200m to Fuel & Takeaway options
- 1km to Kmart at Toowoomba Plaza
- 2.5km to Centenary Heights High School
- 2.5km to Middle Ridge Primary School
- 3.3km to major Grand Central Shopping Centre / CBD



A RARE BUNDLE of Commercial and Residential on a VERY PROMINENT LANDMARK CORNER and with LEASE INCOME, it's clear that 824 Ruthven Street represents a MUST-SEE OPPORTUNITY FOR INVESTORS.

FOR INSPECTION OR MORE INFORMATION, Chan De Silva with Jacqui Walker is standing by right now for your message or call. SEE, ACQUIRE AND GAIN!



***Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.

Property features

Balcony

Broadband

Built-in Robes

Ensuites: 1

Toilets: 3

Land details

Area: 624m²

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Jacqui Walker

RE/MAX - Success Toowoomba

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RE/MAX - Success Toowoomba

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$649k
824 Ruthven Street, Kearneys Spring QLD 4350
  • 4
  • 2
  • 5
  • 624m²

Jacqui Walker

RE/MAX - Success Toowoomba
Contact the agent
To request an inspection