FOR SALE
$325,000 - Business Only

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Harristown QLD 4350

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Newly Completed Business Only in the Heart of Toowoomba $325,000 No Facilities

Ras360 Property Solutions proudly presents Montecute, a business-only opportunity in Toowoomba, QLD. This 25-year Caretaking and Letting agreement comes with no set office hours and requires no real estate purchase.
Currently under construction and completely sold out, Montecute boasts a projected letting pool of thirty-three units based on current investor sales. With a projected net profit of $88k, the MRL Business Only is available for $325k.
Montecute will attract strong tenant demand due to the area's limited supply of new townhouses. Located on Drayton Road, Harristown, this stunning complex is moments away from essential amenities, including schools, cafes, and parks. The luxe, open-plan layouts offer expansive living spaces with entertainment areas, sophisticated kitchens with premium fittings, stylish bedrooms, and elegant bathrooms. On-site facilities include a BBQ area and open spaces, providing residents with a beautiful life balance where city convenience meets country tranquillity.
Montecute is an exceptional permanent MLR business in a prime location, making it an excellent choice for an established operator looking to expand their property portfolio.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Property Details for Contact Agent For Address, Harristown

Building Type
Commercial

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About Harristown 4350

The size of Harristown is approximately 7.2 square kilometres. It has 18 parks covering nearly 2.8% of total area. The population of Harristown in 2011 was 8,490 people. By 2016 the population was 8,550 showing a population growth of 0.7% in the area during that time. The predominant age group in Harristown is 20-29 years. Households in Harristown are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Harristown work in a trades occupation. In 2011, 56.4% of the homes in Harristown were owner-occupied compared with 53.9% in 2016.

Harristown has 4,722 properties. Over the last 5 years, Houses in Harristown have seen a 88.39% increase in median value, while Units have seen a 55.54% increase. As at 31 October 2024:

  • The median value for Houses in Harristown is $554,669 while the median value for Units is $388,562.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 31 properties listed for sale, and 26 properties listed for rent in Harristown on OnTheHouse. According to CoreLogic's data, 214 properties were sold in the past 12 months in Harristown.

Suburb Insights for Harristown 4350

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Paul Mueller
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RAAS Property Group
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.