A great opportunity to secure an apartment close to the Toowong Village and multiple modes of transport at a particularly sharp price!
‘Toowong Villas’ is a well known complex of villas perched on an elevated 7,023m2 of prime Toowong land, one of the largest sites with the lowest densities in our area. Ripe for redevelopment in the future but right now it’s a particularly exciting prospect given the location of the complex. We’re only 500m from the main entry to Toowong Village and all the restaurants, cafes and amenities central Toowong has to offer.
Coming to the market in the first time in 25 years our owner is very keen to liquidate this investment opening up the opportunity to own in a complex with a considerable upside.
This particular opportunity a two bedroom one bathroom floorplan, we recently leased a similar apartment for $410 per week. We’re in the north east corner of the complex with a lovely aspect towards the city. A car space will also be allocated to the property as there is ample parking on site.
The complex also boasts two pools, a BBQ area, a fantastic eye-line to the City, a meeting room and beautifully looked after grounds.
‘Toowong Villas’ is sure to become a very popular place for owners to enjoy or alternatively for investors given the host of reasons people will need to live nearby. We’re at the City’s doorstep, the Wesley Hospital is within walking distance and also the University of Queensland is a short bus trip away.
Crunch the numbers and you’ll see there’s an opportunity to get this one at least neutrally geared and with the right mortgage setup you may get it paying for itself!
Enquire now to hear how we can help you own a slice of ‘Toowong Villas’.
Year Built: 1992
Lots in the complex: 45
Body corporate fees: $685.30 per quarter (including 10% discount for paying on time)
Brisbane City Council Rates: $406.90 per quarter
Expected rental return: $390 – $410 per week
|R&H Suburb Summary||Houses|
|Number of sales||85|
|Median Rental Price||$545 p.w.|
|Change in Rental Rate (5yr)||9 %|
|R&H Suburb Summary||Units|
|Number of sales||146|
|Median Rental Price||$400 p.w.|
|Change in Rental Rate (5yr)||-1 %|