First time offered by the family of the original builder and located in Central Toowong!
Often quoted but rarely found this is a perfect example of “They don’t build them like this anymore”. Held by one family these apartments have provided security and income for years and now it’s time for them to serve a new family.
Offered in one lot are 4×2 Bedroom and 2×1 Bedroom Strata Titled apartments in Sherwood Road offering exceptional passing income along with blue chip future development potential on 812 m2 of prime Central Toowong land.
Only a short 300m walk finds you in Central Toowong with all its amenities, this location truly underpins its value now and its value for your future.
The property is very well maintained, have long-term tenants in place, and are rarely (if ever) vacant.
Currently returning a total of $105,820 per annum.
The current owner has supported the long-term tenants with reduced rents and no increases with the challenges of covid and has only just begun to normalise rents. We have completed up to date “Rental Appraisals” and confirm….
Market Value rent is equal to a total of $123,760 per annum.
There are so many options here:
• Buy and hold and enjoy a substantial ongoing income knowing your location puts you at the front of the pack for Capital Appreciation.
• Redevelop this premier allotment (next door, on the same size allotment, has been redeveloped with 12 luxury apartments!). Any future development is of course subject to council approval.
This truly is Toowong’s best investment opportunity for 2022!
The owners of this property are committed to a sale and we encourage you to submit your interest without hesitation.
It could be years before an opportunity like this one becomes available again so don’t hesitate.
“NOTHING IS MORE EXPENSIVE THAN A MISSED OPPORTUNITY”
Got a property to sell? Contact us for a free Property Estimate
Need help with your finance?
|R&H Suburb Summary||Houses|
|Number of sales||58|
|Median Rental Price||$700 p.w.|
|Change in Rental Rate (5yr)||30 %|
|R&H Suburb Summary||Units|
|Number of sales||248|
|Median Rental Price||$525 p.w.|
|Change in Rental Rate (5yr)||33 %|