16/50 High Street, Toowong, QLD 4066

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Sold

Sold for $475,000 (Apr 09, 2021)

Unique dual key apartment renting for a massive $660/week!

Investors need to put this special opportunity right at the top of their list. Not often do quality dual key apartments become available as they’re often very good income generators. This property is no exception and has been held by our owner for over a decade. There are fantastic yields on offer in a complex that is well maintained, has low overheads and is ideally positioned to stay tenanted even in tougher markets.

Currently rented for $660 per week ($325 for the one bedroom, $335 for the studio) these apartments are certainly looked at as one of the better investment opportunities in our area. Toowong Village is right across the road plus we have multiple modes of transport within a few minutes’ walk. The bus stop is right outside, we have a train underneath Toowong Village and even the CityCat an easy stroll away.

The good news continues with the redevelopment of the old Woolworths site now approved. The Aviary will be a mixed-use town centre for Toowong offering new dining options, a cinema and more commercial space. This will really finish off the Toowong business district and give more tenants more reasons to be in this area.

Features



  • Two properties in one! Both apartments with long leases in place to good tenants

  • Hard wearing and low maintenance fittings and finishes throughout

  • Secure entry with lift access. No stairs from the car park to your apartment.

  • Fantastic tenancy record with very little vacancy.

  • Easy access to University of Queensland & Brisbane CBD

  • A minutes walk to the Toowong village and multiple public transport options

    Current leases: One bed apartment $325/w until 22 Sept 2021, Studio $335/w until 23 Jan 2022

    Brisbane City Council fees: $415.96 per quarter

    Apartments in the complex: 20

    Year built: Circa 2003

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Property Info:
  • Property ID: L5688100
  • Property Type: Apartment
  • Garages: 1
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R&H Suburb Profile: Toowong

R&H Suburb Summary Houses
Number of sales 95
Average Price $1,200,852
Median Price $920,000
Median Rental Price $575 p.w.
Change in Rental Rate (5yr) 15 %
R&H Suburb Summary Units
Number of sales 174
Average Price $523,934
Median Price $445,000
Median Rental Price $400 p.w.
Change in Rental Rate (5yr) 0 %
Toowong, QLD - Median Trend
$920,000