99 Campbell Street

Toowoomba City QLD 4350

All offer:-
- 2 built-in bedrooms
- Combined lounge/dining room
- Generous kitchen
- Family bathroom & independent laundry
- Reverse cycle air-conditioners
- Outdoor entertainment area
- Single carport

The property located at 99 Campbell Street, Toowoomba City is a complex of four units in a highly sought-after location. With a current gross rent of $1,270 per week and increasing to $1,320 per week from 24th June 2023, this property offers a potential 5.8% gross rental return, making it a great investment opportunity.

The property sits on a massive 878m2 allotment on the CBD fringe, which is privacy-fenced, ensuring a secure and tranquil environment for tenants. The property is also conveniently located close to Grand Central Shopping Centre, the Botanic Gardens, and Queens Park.

Two of the units in the complex have already undergone renovations, and the remaining two units offer an excellent opportunity for the new owner to value add. Each unit comprises 2 built-in bedrooms, a combined lounge/dining room, a generous kitchen, a family bathroom, an independent laundry, and reverse cycle air-conditioning. Additionally, each unit features a stunning timber outdoor entertainment area and a single carport, with a circular drive through driveway.

The current rental income for the complex is $1,275 per week, increasing to $1,320 per week from the 24th June 2023.

- Unit 1 is currently rented at $320 per week until May 2023, with a six-month lease renewed at $335 per week from 31st May 2023 until 1st December 2023.
- Unit 2 is currently rented at $330 per week until February 2024.
- Unit 3 is currently rented at $300 per week until June 2023, the tenants have signed a 12 month lease renewal at $330 per week (from 24th June 2023 - 24th June 2024)
- Unit 4 is currently rented at $325 per week until December 2023.

Investing in this property offers a unique opportunity to secure a well-located and well-maintained property with potential for growth. With its attractive rental return, opportunity to value add, and desirable location, this property is an ideal investment for any investor looking to diversify their portfolio.

Set yourself up for your future! For your convenience Team Elevate is available 7 days a week to arrange your private viewing.

General rates: currently $3,118.07 net per half year
Water rates: currently $490.77 net per half year plus consumption

Primary school state catchment: Toowoomba East State School
High school state catchment: Toowoomba State High School