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THE PITCH:<br/>Very comfortable home offering two large living areas and four bedrooms, beautiful rich timber floors and high ceilings. It's on a level 809sqm block with a council park behind.<br/><br/>The lovely tenants are currently on a periodic lease, but should the property sell to an investor; they would like to renew on a permanent long term lease. They have NDIS approval for a new bathroom, ramps and some other items at no cost to the owner, but of course, a permanent lease is required for these works to proceed.<br/><br/>Oakey is a popular town just outside of Toowoomba. Major local employers include the Oakey Army Aviation Training Centre, Singapore Airforce Helicopter Group & Oakey Beef Exports. Acland Coal Mine is currently in “maintenance” mode, awaiting their Stage 3 expansion approval.<br/><br/>The Toowoomba Enterprise Hub is an area of over 2,000 hectares at Charlton & Wellcamp (between Toowoomba & Oakey) for significant manufacturing, logistics and other large employers. An estimated 20,000 new jobs will be created over the next 15 years, and a growing need for a highly skilled workforce to fill these positions. Some projects in the Toowoomba Enterprise Hub include:<br/>:: Toowoomba-Wellcamp Airport*<br/>:: Interlink SQ*<br/>:: Inland Rail *<br/>:: Medicinal Cannabis Farm (1000 jobs - $400 million cost - $1billion pa export value)<br/>:: QANTAS Pilot Academy (160 jobs) <br/>:: Boeing "Loyal Wingman" Assembly Facility (300 jobs)<br/>:: Wellcamp Aerospace & Defence Precinct<br/><br/><br/>THE OBVIOUS:<br/>:: 2 large living rooms<br/>:: 4 bedrooms<br/>:: Eat-in kitchen<br/>:: Excellent tenant (currently on periodic lease) who would like to renew lease long term at $270p/w (see note below)<br/>:: NBN (FTTN)<br/>:: Land area: 809sqm<br/>:: General Council Rates: $927.88 (net) ½ year<br/>:: Water Rates: $315 (net) ½ year + usage<br/> <br/>Nearby<br/>:: Oakey Town Centre (800m)<br/>:: Supa IGA Supermarket (850m)<br/>:: RSL Club (700m)<br/>:: Toowoomba Enterprise Hub (15k)<br/>:: Toowoomba (28k)<br/> <br/>Schools:<br/>:: Prep to 6 – Oakey State School (700m)<br/>:: 7 to 12 – Oakey State High school (1.4k)<br/>:: Prep to 6 - St Monica's Primary School (1.4k)<br/> <br/>Tenant Note:<br/>:: The tenant has approved NDIS funding to replace the bathroom, add front and back access ramps and other minor modifications.<br/>:: This work will be done at no charge to the owner, but obviously, security of a permanent lease is required.<br/>:: The tenant would like to sign a three-year lease with annual increases.<br/><br/><br/>WHAT SEALS THE DEAL:<br/>A great investment opportunity with a terrific tenant seeking to enter a long term lease offering significant improvements to the property at no cost to the owner.<br/><br/>With an enormous pipeline of significant investment creating over 20,000 new jobs in the surrounding area, this is sure to be a high performing rental property offering over 7% return and continued capital growth for many years to come.
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