Buyer interest above $1,650,000
Ray White Toowoomba is excited to present this fantastic opportunity for astute investors. This four-unit complex located within the Downlands precinct boasts a solid gross return of $89,960 per annum.
Built in the early 2000s, the brick complex is in excellent condition and offers a low-maintenance investment option for potential buyers. The units are fully tenanted providing a stable rental income and are conveniently situated near schools, shops, and public transport.
Unit 1 and 2 are both 2-bedroom, 1-bathroom residences, with each also having a single lock-up garage. Both units are currently tenanted, with Unit 1 renting for $390 per week and Unit 2 renting for $370 per week.
Unit 3 is a 3-bedroom, 2-bathroom apartment with a double lock-up garage. Providing plenty of space, this unit is great for growing families or those after extra room. This unit is currently tenanted for $460 per week.
Unit 4 is a two-storey, 4-bedroom, 2-bathroom home. With a large double lock-up garage and an expansive floorplan, this property is perfect for bigger families. Currently tenanted for $550 per week, this unit offers the highest rental return in the complex.
Each unit has their own private courtyard, providing residents with outdoor space to enjoy. All units also have modern conveniences such as air conditioning, dishwashers and automatic garage doors for added simplicity and ease.
Situated east of Ruthven Street, the location of this complex makes it highly desirable for both tenants and potential buyers. For those with school-aged children, 28 Pascoe Lane is just a 4-minute drive from Downlands College, and is located within the catchment of both Harlaxton State School and Toowoomba State High School. Other nearby schools include Good Samaritan College, Sacred Heart Primary School, and St Ursula's College.
Shopping options also abound with Northpoint Shopping Centre a short 3-minute drive from the complex. The area is surrounded by green space, with Griffith Park to the west and Horn Park to the east. Travelling slightly further east you'll find the stunning Mount Lofty Lookout and the Boyce Gardens Rainforest.
The complex has a number of public transport options nearby, with the main Ruthven Street just a 5-minute walk away. 28 Pascoe Lane is a short, 8-minute drive from the Toowoomba CBD, with all the fun and excitement Toowoomba City has to offer at your fingertips.
Buyer inspection reports will be available upon enquiry.
Indoor features of each unit:
• Dishwasher
• Air conditioning
• Built-in wardrobes
• Internal laundry
• Internal entrance from garage
Outdoor features of each unit:
• Automatic garage door
• Private patio
• Simple brick facade
• Close to multiple schools
• Surrounded by parks and greenery
With its convenient location, modern amenities and good rental returns, 28 Pascoe Lane is an excellent investment opportunity. Whether you're a first-time investor or looking to add to your portfolio, these units are sure to provide strong rental income and potential for capital growth. Don't miss out on this fantastic opportunity! Consider investing in 28 Pascoe Lane today.
Rates: Approximately $2,976.58 per half year
Water Access: Approximately $491.85 per half year
Tenancy 4/580 - 588 Ruthven Street, Toowoomba QLD 4350
DAN JAMES
0439714722
DYLAN READY
0401174402
