6/54 Elizabeth Street, Toowong, QLD 4066

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For sale

Offers Over $359,000

Top Floor unit with City views

54 Elizabeth Street, also known as “YAMBARRA” rises above its surroundings capturing stunning views back across Toowong and to the city beyond. Set back from the road and full of established greenery, the small complex of just 6 units is a refreshing change from its more modern counterparts that focus more on profit and less on living.

Positioned on the top level and in the far corner of the building unit 6 boasts a spacious and practical floorplan. The second bedroom is a good size with the master being rather generous in size. A considerable kitchen provides you with everything you need, whilst the living/dining space can easily accommodate big furniture items. An internal laundry, separate toilet, covered balcony, secure garage and storage room also add to the features of the unit.

With a long-term tenant in place until February 2022 this unit presents as an excellent opportunity for investors to continue on with the lease in place, owner occupiers and those looking to reside in the area come early next year will also be drawn to this property. Not only is the complex located in one of the best pockets of Toowong the unit itself provides an exciting opportunity for future owners to come along and make it their own with some cosmetic renovations.

Toowong is the Ying and Yang of inner-city living: both a commercial hub and a popular residential neighbourhood, blending city convenience with a true neighbourhood feel.

Close to universities, hospitals, parks and some of Brisbane’s best educational precincts, Toowong is the first choice for those who want to ditch the commute and spend more time doing their own thing. Toowong is a suburb that sings for the career, fitness and family-minded alike.

Built: Circa 1980

Units in Complex: 6

Body Corporate Rates: $2620 / Annum

BCC rates: $416 / quarter

Rents for: $320 per week

Rented till: 20/2/22

- 400m to Anzac Park

- 400m to Nowhere espresso cafe

- 1.4km to Toowong Village & Train Station

- 1.5km to Toowong State School

- 5km to Brisbane City

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Property Info:
  • Property ID: L11438900
  • Property Type: Unit
  • Garages: 1
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R&H Suburb Profile: Toowong

R&H Suburb Summary Houses
Number of sales 96
Average Price $1,283,503
Median Price $1,037,500
Median Rental Price $578 p.w.
Change in Rental Rate (5yr) 18 %
R&H Suburb Summary Units
Number of sales 225
Average Price $527,596
Median Price $452,750
Median Rental Price $405 p.w.
Change in Rental Rate (5yr) 1 %
Toowong, QLD - Median Trend