Having a trouble-free asset with a good return is the goal of every investor. Having that asset in a location where demand for accommodation is strong ensures vacancy is minimal and the income reflects the demand. Multiple tenancies, quality construction, great location, long-term tenants and certainty of control through single ownership and you have an outstanding investment.
'L' Argyle', a complex comprising of 4 x townhouses represents that ideal investment. The property provides the astute buyer instant income, with existing leases in place with long-term tenants. The strata-titled community is configured with 2 x 3-bed and 2 x 2-bed townhouses on a 961m? block and is being sold in-line as a single purchase. No other owners to deal with through full control of the Body Corporate.
The complex is ideally located opposite the renowned Westridge Convenience Centre and down the road from the university (UniSQ). The large Toowoomba Plaza and The Ridge Shopping Centres, medical services, private schools and recreational facilities are all nearby and further increase location appeal. The complex has been maintained to a very high standard and offers a wonderful environment for occupiers to feel secure and comfortable.
Units 1 ? 4, 351 West Street, Harristown at a glance:
* 2 x 3-bed, 2-bath, 1-car strata-titled townhouses
* 2 x 2-bed, 1-bath, 1-car strata-titled townhouses
* Income: $83,200 per annum ($1,600 per week)
* Leases: All tenancies on 12-month fixed term leases
* Tenants: Long-term tenants who want to remain in place
* Opposite Westridge Convenience Centre
* Short distance to UniSQ, Highlands Christian College
* Supermarkets, Kmart, specialty retailers and medical centre all nearby
* Information Memorandum with full lease, rates and Body Corp. details available
Inspections are available by appointment only. For more information, contact Damian Borger (0408 083808) of Zing Property.