Get This Entire Duplex - Forecast: 5.6% Gross Rent Return Yearly

28 Boyes Street, Harristown, 4350

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Contact for PriceFor Sale
  • Ownership Type Unitblock
  • Property Area 557 sqft
  • Bedrooms 5
  • Bathrooms 2
  • Furnished No
  • Last Updated 4th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Carport: 2
  • Air Conditioning
  • Broadband Internet Available
  • Built-in Wardrobes
  • Toilets: 2

Property Overview

THIS WHOLE DUPLEX of 2 Flats in Harristown can earn you a 5.6% gross annual rent yield.

BOTH FLATS HERE are one title and both are SELLING TOGETHER. There's also a fantastic RENOVATION to Flat 1.


INVESTOR QUICK-GLANCE:

- 2 x Flats, side-by-side, selling as a Whole Duplex on 1 title

- Across 2 flats get: 5 bedrooms / 2 bathrooms / 2 carports

- Anticipate annual gross lease income: $25,480.00
::::: 2 bedroom Flat 1 currently earns $190/wk, however run your sums based on fair market rent of $215-225/wk
::::: 3 bedroom Flat 2 currently vacant, anticipate $275-$280/wk

- This results in ancitipated gross rent return of 5.6% p.a.

- Approx General Rates whole duplex: $1,600.00 nett 1/2 yr
- Approx Water Access whole duplex: $305.00 nett 1/2 yr + use
- Entire duplex = ZERO body corp fees

- Original duplex in established Toowoomba street
- NORTH-facing allotment
- 557 square metres with backyard fully-fenced


SO LET'S ZOOM IN on this opportunity:

- Flat 1
::::: Renovation complete with brand-new carpets and air-conditioning
::::: A brand-new kitchen
::::: Combined lounge and dining room
::::: 3 bedrooms, 2 with built-in robes
::::: A renovated bathroom with a large shower
::::: And a handy front carport

- Flat 2
::::: Kitchen has been nicely updated
::::: Attractive living and dining area
::::: Air-conditioning
::::: 2 bedrooms, 1 with built-in robes
::::: Good-sized bathroom with handy laundry area
::::: And a fantastic front carport


WHAT'S NEARBY?

- 400m to park and ovals
- 650m to Clifford Gardens
- 1.2km to Toowoomba Hospital
- 1.3km to Harristown High
- 1.5km to Newtown Primary School
- 1.6km to Grand Central Shopping Centre


WHAT A COMBINATION: Forecast to earn a 5.6% gross annual rent yield ... 6 fantastic destinations with 1.6km ... nice updates to Flat 2 ... and Flat 1 totally renovated!

WHOLE DUPLEXES RARELY HIT THE MARKET, so this is your opportunity to add a set of Duplex flat - with a solid earning outlook - to your investment portfolio.

TOOWOOMBA IS BOOMING with investors capitalising on the $1.6 billion Second Range Crossing, Airport Industrial Park, Regional Data Centre, new food precincts - and the $500m QIC Grand Central Shopping Centre upgrade is complete.

FOR YOUR CONVENIENCE, we're available right now to answer your questions or to arrange your inspection. SEE THIS DUPLEX NOW!



***USEFUL INFO AND SUMS courtesy of Jacqui Walker Sells Sensational Moves:

- Title: 2 Units on 1 title
- Lot 3 on Registered Plan 180062
- Allotment Dimensions: Approx 20.7m wide x 27.7m deep
- Allotment Size: 557 square metres
- Zoned: Mixed Density Residential
- Land Use: Multi Unit Dwelling (Flats)

- Approx General Rates whole duplex: $1,600.00 nett 1/2 yr
- Approx Water Access whole duplex: $305.00 nett 1/2 yr + use
- Entire duplex = ZERO body corp fees

- Local Government Area: Toowoomba Regional Council
- Orientation: North-facing
- Internet: Each flat has NBN connectivity via Fibre-to-the-Node (FTTN)
- State School Zone: Newtown Primary (P-6; 1.5km) and Harristown High (7-12; 1.3km)

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

Location on Google Map

28 Boyes Street, Harristown, 4350

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