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For Sale
$ 1,200,000

Block Of Ten Units - Up To 9.01% P.A. Gross Rent Return

MODERN, LOWSET and selling altogether, this ENTIRE Unit Block of 10 Units in Greenmount is presented by Harsha Kumarasinghe with Jacqui Walker.INVESTOR QUICK GLANCE:- 10 x 2 bedroom Units each with 1 bathroom and 1 internal garage- Gross rent return: 9.01% p.a. based on $1.2M starting price guide- Annual gross lease income: $108,212.00- Each Unit currently let on a 12 month lease, with staggered expiry dates long into 2021----- Tip: Staggered expiry dates are excellent for lower vacancy rates and more solid income!- Average rent per unit is $208.00/wk- 9 of the 10 leases here are handled by our OfficeEACH UNIT OFFERS:- 2 built-in bedrooms, each carpeted and with ceiling fans- Air-conditioned open-plan living and kitchen area- Modern kitchen with dishwasher, electric cooking and ample cupboard space- Modern bathroom with shower, toilet and vanity- Euro laundry- Single garage with internal access- Private low maintenance courtyard with pebbled paths- Security screens to all windows and doors- Rainwater tank for each UnitWHAT'S NEARBY?- 240 metres to Greenmount Primary School- 390 metres to Post Office, Store and Park- 15 minutes to Clifton High School- 23 minutes to Toowoomba WHAT A COMBINATION: Up to 9.01% gross annual rent yield, long leases with strategic expiry dates for lower vacancy rates, and modern presentation. INVESTORS - TICK!FOR YOUR CONVENIENCE, Harsha and Jacqui are standing by right now to answer your questions or to arrange your inspection. SEE THIS UNIT BLOCK OF TEN TODAY!***USEFUL INFO courtesy of Harsha Kumarasignhe at Jacqui Walker Sells:- Visitor carparking on-site: 3 shared spaces- Internet: Can connect to the NBN via Fixed Wireless (FW)- Local Government Area: Toowoomba Regional Council- Dimensions: 41.3m wide x 97.5m deep- Allotment Size: 3,917 square metres (almost 1 acre)- State School Zone: Greenmount Primary (P-6; 240m) and Clifton High (7-12; 15 mins)- Disclaimer: All care taken, however you're encouraged to independently verify all figures and indications.


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Property Agents

  • Harsha Kumarasinghe RE/MAX Success, Toowoomba

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