|
Description: An outstanding investment opportunity within Oxford Crest Toowoomba, a well-established independent living village catering to over 50's. This listing offers four fully tenanted one-bedroom units in a secure, low-maintenance complex.
With strong tenant demand, rents of $280-$340 per week, and minimal ongoing costs for investors, a 10%+ rental yield is confidently achievable. Positioned opposite Clifford Gardens Shopping Centre and just 2.5 km from Grand Central, this location ensures ongoing demand from retirees seeking comfortable, independent living.
Key Features:
- One-bedroom units with ensuite bathrooms
- Kitchen and built-in wardrobe
- Reverse cycle air-conditioning
- Security screens on all windows and doors
- Front and back doors for airflow
- Access to the community clubhouse with organised social and recreational activities
- Onsite management for leasing and vacancy management, with the option to engage external real estate agents
- Situated in a well maintained complex with in house site management
Current Tenancy Details (Units 14, 15, 28 & 29):
- Unit 14: Currently vacant, previously rented at $570 per fortnight.
- Unit 15: Tenanted until 18th June 2025 at $560 per fortnight.
- Unit 28: Currently vacant, previously rented at $570 per fortnight.
- Unit 29: Periodic lease at $570 per fortnight.
Investment & Financials:
- 10%+ approximate rental yield
- Strata management fees cover building insurance, public liability insurance, and common area maintenance
- Tenants pay for electricity and may be billed for water consumption at the owner's discretion
- Owners to pay Council rates and water access changes
- No entry, exit, or ongoing site fees payable by investors-only body corporate fees (approx. $1500/quarter)
Sale Details:
- Auction Date: Saturday, RESCHEDULED to 22nd March 2025, at 10:30 AM (Onsite Auction)
- Offers Prior to Auction: Considered
- A total of 8 units are available, offering flexibility for buyers wanting to purchase multiple units or the entire portfolio.
Request the Full Information Memorandum
For a comprehensive Information Memorandum, including financial details, tenancy schedules, and further investment insights, contact Lochie Wagner and Chan De Silva today.
Disclaimer: Every effort has been made to ensure the accuracy of the information provided; however, we encourage you to independently verify all figures, measurements, and details. We accept no liability for any errors, omissions, or inaccuracies. Prospective purchasers should make their own enquiries to confirm the information contained in this listing.
|
