OFF MARKET

1 Tame Street
South Toowoomba QLD 4350

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Floor area: 110m2
Land area: 754m2
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Property Details for 1 Tame St, South Toowoomba

1 Tame St, South Toowoomba is a 5 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1980. The property has a land size of 754m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in May 1997.

Building Type
Unit
Year Built
1980
Floor Size
110m2
Land Size
754m2
Local Government
Toowoomba Regional
Lot/Plan
949/AG2579

Last Listing description (December 2022)

- PROVEN short-stay history
- READY to takeover
- SHOWING a huge 12.63% gross rental yield

- SELLING altogether.

THIS WHOLE BLOCK OF THREE UNITS only 400 metres to the City Golf Club and 2km to Toowoomba City centre is presented by Jacqui Walker.

WITH OCCUPANCY RATES OVER 80%, these 3 units are:

- Sought-after by those visiting for Toowoomba Hospital appointments
::: 1.1km to Toowoomba Hospital

- Popular with visitors to the City
::: Particularly for Gabbinbar Weddings
::::: 80 mins drive to Brisbane, flights available
::::: Under 2 hours drive to Gold Coast
- Popular with Golfers
::: 400m to City Golf Club
- Toowoomba is the gateway to the west
::::: Significant rural wealth
::::: This makes these Units in demand for Business Travel
::::: And convenient for parents of Boarding School Students

- Also often booked by tourists, and University short course attendees.

ASSET QUICK GLANCE:

- 3 Units selling altogether on 617 Sq Mtr CORNER Allotment
- All furniture, appliances, kitchenware, linen and decor included in the sale: an outstanding walk-in-walk-out short term rental income opportunity.

- Offered to short-stay guests on major booking platforms
- Immaculate presentation, per photographs

- Value-adding corner allotment, corner Tame and Klein Streets
- Orientation-to-Street: North

INSIDE DEEP-DIVE:

- 3 Units:
::: 'The Grevillea'
::::: 2 bedroom, 1 bathroom, 1 car accomm
::::: Operated as a SPACIOUS 1 bedroom apartment with 2nd bedroom reserved for operational storage across the 3 units
::::: Bedroom 1 with reverse-cycle air conditioning
::::: Heated bathroom with bath over shower, and vanity
::::: Private guest entry, carport and garden courtyard

::: 'The Neo'
::::: 1 bedroom, 1 bathroom, 1 car accomm
::::: 5kW aircon unit cools the entire space plus ceiling fan in the bedroom
::::: Guests love the galley kitchen, dishwasher, coffee machine, and Smart TV
::::: Private guest entry, single carport and garden courtyard

::: 'The Cowhide Cabin'
::::: 2 bedrooms, 1 bathroom, 1 car accomm
::::: Reverse-cycle air conditioning to both bedrooms and the lounge dining area
::::: Guests love the amenity-packed kitchen, aircon, heated bathroom and full laundry facilities
::::: Private guest entrance, single carport and courtyard garden

- Each Unit with:
::: Wood polished floors
::: Open plan living, dining and kitchen
::: Dishwasher, Smart TV
::: Electric cooking
::: Reverse-cycle air conditioning
::: Self-checkin facilities
::: North-facing verandah and outdoor seating
::: Full Security screens

INCOME:

- Gross Rent Yield is 12.63% p.a., based on Offers Over price - wow!

- Showing an outstanding 86% Combined Average Occupancy, Sep 2021-Sept 2022

- Detailed PROSPECTUS AVAILABLE to Qualified Buyers after Inspection

OUTGOINGS:

- Short-Stay Management Fees or save these and run operations yourself
- Body Corp: Zero, none, nil ... selling as a whole complex
- Recent General Rates and Charges: $2,247.90 net 1/2 yr entire property
- Recent Water Infrastructure Charge: $314.60 net 1/2 yr entire property + consumption
- Maintenance: as per your own requirements
- Internet ($828/yr) and electricity ($3600/yr) across all 3 units
- Building Insurance: Specific to your own requirements

TOOWOOMBA ECONOMIC SNAPSHOT:

- Toowoomba region population approx. 170,000
- Toowoomba has a gross regional product of $11.56 billion

- Inland city showing huge growth
::::: $1.6 billion Second Range Crossing completed 2019
::::: $500m QIC Grand Central Shopping Centre upgrade completed 2018
::::: New International Freight Airport
::::: New Airport Industrial Park
::::: New Regional Data Centre

THIS HIGH-YIELDING TRIPLEX at 2 Tame Street represents a POWERFUL COMBINATION with a 12.63% gross annual rent yield ... proven in-demand location ... and immaculate, beautifully co-ordinated presentation! Ready to operate - THIS ONE'S THE HIGH-PERFORMER TO HAVE.

NIGHT AND DAY, right now The Jacqui Walker Team is waiting for your call, questions or inspection request. SEE THIS HIGH-YIELDING TRIPLEX NOW!

***ADDITIONAL SPECS courtesy of The Jacqui Walker Sells

- Local Government Area: Toowoomba Regional Council
- Real Property Description: Lot 32 on Registered Plan 106861

- NOT STRATA TITLED
- Original Construction: 1970's
- Separate electricity meters and water

- State School Zone: Harristown Primary, P-6 / 1.4km; Harristown High, 7-12 / 1.4km
- Town centre 2km away

- Disclaimer: All care taken, however you're encouraged to independently verify all figures and indications.

Property History for 1 Tame St, South Toowoomba, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$72,000
13 May 1997
Listed for Rent
$290/w
17 Mar 2018
  • 14 Nov 2022
    Listed for Sale Offers From $950,000
  • 24 Jan 2018
    Listed for Rent - Price not available
  • 08 Aug 2017
    Listed for Rent $275 / week
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About South Toowoomba 4350

The size of South Toowoomba is approximately 3.7 square kilometres. It has 11 parks covering nearly 20.6% of total area. The population of South Toowoomba in 2011 was 5,224 people. By 2016 the population was 5,237 showing a population growth of 0.2% in the area during that time. The predominant age group in South Toowoomba is 20-29 years. Households in South Toowoomba are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Toowoomba work in a professional occupation. In 2011, 54.9% of the homes in South Toowoomba were owner-occupied compared with 51% in 2016.

South Toowoomba has 3,197 properties. Over the last 5 years, Houses in South Toowoomba have seen a 80.68% increase in median value, while Units have seen a 89.75% increase. As at 30 September 2024:

  • The median value for Houses in South Toowoomba is $597,312 while the median value for Units is $476,776.
  • Houses have a median rent of $470 while Units have a median rent of $410.
There are currently 17 properties listed for sale, and 12 properties listed for rent in South toowoomba on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in South toowoomba.

Suburb Insights for South Toowoomba 4350

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Disclaimer
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.