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Positional buyers will love this one ... set in one of the most tightly held and sought-after streets in East Toowoomba, 21 Eleanor Street offers the savvy buyer the chance to acquire this classical timber home.
Let's set the scene...
Entering from Hume Street, you will be greeted by palm trees lining the street, a completely unique experience in Toowoomba. Located at the end of the street is the ever-popular Queen's Park, and the Toowoomba CBD is only a short walk away. If that's not enough, at your doorstep are some of the region's best schools, cafes, restaurants and sporting facilities. This is prime positioning!
But what is actually on offer?
Well with a little creative thinking, this could be the start of a long term connection with your next or first Family home, high profit renovation project or a high growth investment. Just to name a few possibilities.
The property is currently divided into four individual units and is returning $750 per week. These units are ever popular with tenants due to the location, keeping the rent high and the capital growth well assured into the future.
Each unit features one large carpeted bedroom, separate good sized lounge room, kitchen equipped with gas cooktop and oven, separate dining area, neat & tidy bathroom with shower and toilet (Unit 2 has had a recent bathroom update). The units feature security screens for peace of mind and there is natural gas connected to the property.
Externally there is a single carport for each unit, a communal laundry for the tenants to utilise and a storage shed at the rear. The property is fenced on 3 sides with rear access from Ora Lane and a 20m frontage. All of this sitting on an 870m2 block over 2 lots.
Renovators - There are draftsman drawn plans and renderings for a well-appointed family home available upon request.
Investors - The unit complex is currently diligently cared for by our RE/MAX Success Property Management Department.
Leases that are currently in place:
- Unit 1 - $190 per week until April 2021
- Unit 2 - $180 per week until August 2021
- Unit 3 - $200 per week until November 2021
- Unit 4 - $180 per week until October 2020
Total - $750 per week.
Located in a Low Density Residential area under the current planning scheme, it does lend itself to future or immediate redevelopment by either adding another unit to the current complex or subdividing and creating a second allotment off Ora Lane (subject to council approval).
The possibilities are endless here! For your convenience the Daniel Burrett Team is available 7 days a week to arrange your private viewing.
Please note - At least 48 hours' notice will be required for an inspection.
General rates: currently $3,353.13 net per half year
Water rates: currently $304.59 net per half year plus consumption
Primary school state catchment: Toowoomba East State School
High school state catchment: Toowoomba State High School