1-3/ 15 Sambar Court KEARNEYS SPRING
Under Contract
INVESTORS BLUECHIP! Triplex in Prime University Location
THE PITCH:
A Rare Investment Opportunity - Three Units, Three Titles, Selling As one! Very rarely do opportunities to expand your real estate portfolio to this extent come along. The location is A+ for the most discerning investor within easy walking distance to the ever-popular University of Southern Queensland & famous Japanese Gardens. This triple-income investment immaculately presented and offers consistently high returns. You have three exceptional long-term tenants who treat each unit like their own home makes this a worry-free addition to your portfolio. While each unit is individually titled, , the complex is offered in one transaction, giving you complete control over your investment and all body-corporate issues. Unit 1 boasts a large open-plan living area, house-sized kitchen, three roomy bedrooms, two bathrooms and internal access to a single lock-up garage. The tenants keep their unit immaculately presented, paying $340p/w and leased to April 2022. Units 2 & 3 both offer large open plan living areas leading out to a North-facing private courtyard with an undercover patio. 2 roomy bedrooms with built-in robes, and a single remote lock-up garage. Both tenants are long term and would love to stay—each paying $320p/w with leases through to April 2022. THE OBVIOUS: :: Highly desirable entire block of units :: Modern and maintained to a high standard :: 1 x three bedroom, two bathroom, single lock-up garage :: 2 x two bedroom, one bathroom, single lock-up garage :: Solid rental histories :: Large bedrooms with built-in robes :: NBN (FTTP) :: Reverse cycle air conditioning :: Smoke alarms compliant with new legislation :: Private courtyards :: 5,000-litre rainwater tank :: Individually titled ... selling together as one :: Land area: 812sqm :: NBN: FTTP (Fibre To The Premises) Nearby :: University of Southern Queensland (600m) :: Toowoomba Plaza - Coles, Kmart (2k) :: The Ridge Shopping Centre – Woolworths (2.5k) :: Aldi (2.7k) :: Kearney Springs Reserve (600m) :: Toowoomba CBD (5k) KEY INFORMATION :: Current Rental Return of $980pw - Unit 1- 3 Bed, 2 Bath, 1 Car - $340p/w - Unit 2- 2 Bed, 1 Bath, 1 Car - $320p/w - Unit 3- 2 Bed, 1 Bath, 1 Car - $320p/w - Current leases expire April 2022 - This rent was current at the time of lease renewal in February 2021. Current rates have increased by approximately $20p/w - $25p/w each. ($60-$70 total) :: Annual Rental Return: $50,960 ($54,080 - $54,600 when leases renewed at current market rent) :: General Council Rates : :: General Council Rates: $3,131.27 (net) 1/2 year :: Water Rates: $945 + usage (net) 1/2 year. Units are water compliant :: Strata Titled: The three units are individually titled. This can be advantageous for the following reasons: - financing and releasing equity / using security for other purchases - selling - some markets it is easier / more profitable to sell units individually - multiple purchasers. If you wish to purchase the whole complex with family or friends, but retain individual ownership (ie. 3 siblings purchase one unit each), then individual contracts can be arranged. :: Body Corporate: As a single owner owns the entire complex, the body corporate is established, but not active. :: Smoke alarms: are compliant with new legislation WHAT SEALS THE DEAL: The location is critical to the substantial investment appeal of this investment. With the University literally on your doorstep makes this a genuine blue-chip option, as does the array of amenities in the area. This property is sure to offer astute investors continued strong rent returns and long term capital growth. Be quick! This is your opportunity to secure this high demand piece of real estate as it is sure to be snapped up quickly. ARRANGE AN INSPECTION: Only by private inspection. Please get in touch with the agent to arrange. UNIT 1 - PHOTO GALLERY
UNIT 2 - PHOTO GALLERY
UNIT 3 - PHOTO GALLERY
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Open For Inspection TimesOnly by private inspection. Please get in touch with the agent to arrange.
Walk-through Video Tour
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