41 Hampton Street NEWTOWN
INVESTORS - High Return Dual Income - Over 6%
A High Return Investment Opportunity – Full Duplex, Selling as one!
Opportunities like this are rare and get snapped up very quickly. This dual-income investment is immaculately presented and offers consistently high returns. On offer is a 2 x 2 bedroom duplex, each refurbished unit having the standard inclusions AS WELL AS large privates yards with individual side access suitable for trailer and a shed each.
The location is A+ for the most discerning investor. What makes this position a standout is not just its proximity to Clifford Gardens Shopping Centre (800m) and the Toowoomba CBD (7 minutes) but also to the Toowoomba Enterprise Hub (12 minutes).
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:
:: Toowoomba-Wellcamp Airport*
:: Interlink SQ*
:: Inland Rail *
:: Medicinal Cannabis Farm (1000 jobs - $400 million cost - $1billion pa export value)
:: QANTAS Pilot Academy (160 jobs)
:: Boeing "Loyal Wingman" Assembly Facility (300 jobs)
:: Wellcamp Aerospace & Defence Precinct
Unit 1 has been refurbished and boasts a house-sized kitchen, two living areas (suitable for home office), two built-in bedrooms, a single bathroom and separate laundry. Repainted 18 months ago. Outside is a huge covered outdoor entertaining area, a fenced private yard with a 3m x 6m shed (concrete floor). The yard also has side access suitable for a trailer. This unit is currently vacant and rent appraised at $340p/w.
Unit 2 has also been refurbished and boasts a refurbished kitchen with an island bench, an open plan living area (new floor coverings), two built-in bedrooms, a single bathroom and separate laundry. Outside is a large outdoor entertaining area, a huge fenced private yard with a large garden shed (concrete floor). The yard also has side access suitable for a trailer. This unit is currently leased till August, and the tenant would love to renew. Rent appraised at $340p/w.
:: Highly desirable dual income property
:: Desirable location
:: Solid rental histories
:: Bedrooms with built-in robes
:: Reverse cycle air conditioning
:: NBN (FTTP)
:: Smoke alarms compliant with new legislation
:: Huge private yards (fully fenced)
:: One unit is leased, and one is vacant.
:: Land area: 655sqm
:: Clifford Gardens Shopping – Coles, Woolworths, Big W (800m)
:: Glenvale Coles (800m)
:: Clifford Park Racecourse (800m)
:: Toowoomba CBD (2.8km)
:: Toowoomba Enterprise Hub- 20,000 new jobs to be created (10km)
:: Toowoomba Base Hospital (2.8km)
:: Rental Appraisal $680pw
- Unit 1- $340p/w (currently vacant)
- Unit 2- $340p/w
- Current lease on Unit 2 is $290p/w to August 2022
This lower rent was current at the time of lease renewal in June 2021, when the unit was in its original condition. The unit has since been refurbished, and the tenant has indicated they would like to stay.
:: Annual Rental Return: $35,360 (based on current market rent)
:: General Council Rates: $1,549.48 (net) 1/2 year
:: Water Rates: $315 + usage (net) 1/2 year. Units are water compliant
:: Strata Titled: The duplex is not strata titled. The advantage of this is only one combined rates notice and one water access charge.
:: Body Corporate: As a single owner owns the entire duplex, there is nobody corporate
:: Smoke alarms: are compliant with new legislation
WHAT SEALS THE DEAL:
The location is critical to the substantial investment appeal of this investment. Large yards, each with side access and sheds, add to the request. It’s a convenient position for an array of amenities. This property will offer astute investors continued strong rent returns and long term capital growth. Or live in one and rent the other.
Be quick! This is your opportunity to secure this high demand piece of real estate as it will be snapped up quickly.
FURTHER INFORMATION AND INSPECTIONS
A detailed information memorandum including tenancy details, a 360' virtual walk-through, and a complete video walkthrough is available.
Offers above $550,000 (6.4% return).
UNIT 1 - PHOTO GALLERY
UNIT 2 - PHOTO GALLERY
Open For Inspection Times
Private inspections are available at a time to suit you.
Walk-through Video Tour