2/6 Thorn Lane

Ipswich QLD 4305

- Unit 1 - fixed lease agreement 03/05/2023 - 02/05/2024, paying $240.00 per week.
- Unit 2 - periodic lease agreement (60 days' notice required for vacate), paying $260 per week.
- Combined income of $500.00 per week.
- Current land valuation $300,000.
- Ipswich city council rates are approx. $1,005.35 per quarter.
- One water meter. Two gas meters. Two power meters.
- Lot 7 RP66929

PLEASE REQUEST YOUR INFORMATION MEMORANDUM

The current state of the property will benefit from a renovation. Please speak to the agent for further information.

Option ONE: Position land bank, as is where is

Option TWO: Value add.
Conduct improvements for two targeted demographics - Upgrade the two existing units for medical staff tenants - OR - Convert the existing dwelling into one residential home.

Auction:
In-room at First National Action Realty Ipswich
48 Warwick Road Ipswich
Saturday 13/04/2024 at 10.30am

Property Access - Open for Inspection:
Wednesday 27th March 4.30pm to 5.00pm
Wednesday 3rd April 4.30pm to 5.00pm
Wednesday 10th April 4.30pm to 5.00pm
Saturday 13th April 9.30am to 10.00am

Why Ipswich?
Ipswich is the epicentre of residential growth, and the fastest growing city in Queensland!
This growth urgently requires properties. This is where you come in.
The city of Ipswich's diverse economy and growing population offer unparalleled opportunities. A current population base of 233,302 - with a projection to more than double over the next two decades.

2023 to 2027 in a snap shot

People -
11,500 new jobs for Ipswich (manufacturing, health care, construction)
2031 projection for number of residents 410,630
2041 projection for number of residents 557,649

Prosperity -
$6.5 billion in gross regional product

Location
Ipswich General hospital - 2 min / 450m
St. Andrews private hospital - 2 min / 550m
Nicholas street precinct - 5 min / 1.8km
Cunningham highway - 11 min / 6.5km
Centenary highway - 12 min / 7.5km
Warrego highway - 12 min / 7.5km

School drive times:
Ipswich Central State School - 2 min / 800m
USQ - 2min / 1.2km
Ipswich Girls' Grammar School - 3 min / 1.5km
Bremer State High School - 5 min / 2.3km
St Edmund's & St Mary's Colleges - 6 min / 2.6km
Ipswich Grammar School - 6 min / 3km

Disclaimer: first national action realty has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. All distances, measurements and timeframes contained within this advertisement are approximate only. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.