8 Julia StreetToowoomba City QLD 4350
Property Details for 8 Julia St, Toowoomba City
8 Julia St, Toowoomba City is a 8 bedroom, 4 bathroom Unit with 2 parking spaces and was built in 1960. The property has a land size of 326m2 and floor size of 264m2. While the property is not currently for sale or for rent, it was last sold in July 2016.
Last Listing description (September 2016)
Huge inner city opportunity with holding income showing 6.7% return
Ever thought of starting a hotel or short stay accommodation, Airbnb is opening doors for everyone. A Hotel is exempt from planning assessment on this site, according to the Toowoomba council planning scheme. Or do you want 326sqm of prime inner city office space for your growing business? Offices are also exempt from the planning scheme on this site. You can almost do what ever you like with this building.
With the convenience of office works 50m away, empire theatre restaurant 50m away, coffee shops on Ruthven Street close enough to pop down for morning tea, there is no shortage of options with this building.
Or you could land bank the site with guaranteed capital growth given the location, location, location, while still been positively geared.
There is a very low turn over of tenants with two of the tenants being there for about 20 years. Once you get into a place like this you never leave. Each of the four units is rented for $225/week, except for the matriarch of 8 Julia Street, who gets a $5/week discount. There is also a small storage shed in the back yard that you could probably rent for another $50/week if you like.
All the units are individually water metered and water efficient, so the tenants pay for the water. The units have all been recently painted, and with very basic fittings and fixtures the place should be relatively maintenance free for the next 20 years.
The owner must sell so phone today if you have any interest, we look forward to your call!
Offers must be over $699,000!
Property History for 8 Julia St, Toowoomba City, QLD 4350
- 14 Jul 2016Sold for $700,000
- 16 Jun 2016Listed for Sale Not Disclosed
- 19 Feb 2016Listed for Rent $225 / week
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0About Toowoomba City 4350
The size of Toowoomba City is approximately 2.7 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Toowoomba City in 2011 was 2,200 people. By 2016 the population was 2,093 showing a population decline of 4.9% in the area during that time. The predominant age group in Toowoomba City is 20-29 years. Households in Toowoomba City are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Toowoomba City work in a professional occupation. In 2011, 35.7% of the homes in Toowoomba City were owner-occupied compared with 34.4% in 2016.
Toowoomba City has 2,352 properties. Over the last 5 years, Houses in Toowoomba City have seen a 78.84% increase in median value, while Units have seen a 49.33% increase. As at 31 August 2024:
- The median value for Houses in Toowoomba City is $588,318 while the median value for Units is $423,491.
- Houses have a median rent of $490 while Units have a median rent of $350.
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