3 Rens Street

Toowoomba City QLD 4350

Presenting to the market, this outstanding opportunity to own a freehold refurbished hostel. A recession proof, secure commercial investment in a blue-chip Toowoomba city location. This highly profitable hostel is designed to minimise costs and maximise profits.
On a generous 800m2 allotment, 3 Rens Street is conveniently located just a couple of minutes' walk to the CBD. The building has recently had extensive renovations completed and provides accommodation for 14 residents. The property is comprised of a low-set Besser block building incorporating - 14 single bedrooms, 2 courtyards, 4 bathrooms, 2 toilets, a laundry room, and a communal kitchen complete with all necessities including crockery, cutlery, pots and pans, microwave, kettle, toaster, and plenty of storage. There are also 2 new sheds, one for resident's bicycles, the other for cleaning supplies and there are 12 designated carparks. A neat complex all behind an electric gate, providing excellent security with 24 hour CCTV of carpark and entry. The secure income stream of established tenancies in this central Toowoomba city location makes this investment an attractive opportunity.

- Very high level of occupancy with long term tenants