510/532-544 Ruthven Street
Toowoomba City QLD 4350
- 2 Bed
- 2 Bath
- 2 Toilet
- 1 Park
$385,000
JUST Under Contract!
A reliable, 'set and forget' cashflow property investment at approximately 7% gross return could be yours in Toowoomba CBD's proud Central Plaza Apartments – part of a national serviced apartment management chain.Proudly featuring:
- A two dwelling layout ("dual-key") offering a generous studio style apartment on one side with full kitchen, separate spacious bedroom, European laundry, external balcony and on the other a classic hotel room fit-out including kitchenette and separate bathroom
- Interconnecting doors between apartments
- Both sides managed currently as short-stay accommodation through the onsite managers with monthly income paid to you regardless of bookings/occupancy levels each side
- Includes one allocated car space under building
- Furniture is rented monthly through the management for fee of $253/month
- Body Corporate levy - approx $1,860/quarter
- Insurance levy - under $400/year
- General Rates - $1061.88 net per half year
- Water Access Charge - $314.59 net per half year plus usage
- On site complex managers - no extra management fees payable
- Current guaranteed rental income of $2,228.04 per month
- The complex also offers use of a gymnasium, heated pool, spa and outdoor BBQ area
- Air-conditioning and ceiling fans to both apartments
- With the required 60 day notice the dual units can be removed from the managed rental pool and used for live-in purposes, or for other private rental management options if desired
Located in the heart of the CBD close to shops, restaurants, bars and other amenities, the complex offers 'inner-city' style living and a range of options for use and/or income.
Features
General Features
- Property Type: Unit
- Bedrooms: 2
- Bathrooms: 2
- Living Areas: 2
Indoor Features
- Toilets: 2
- Built In Wardrobe
- Study
Outdoor Features
- Garage Spaces: 1
- Secure Parking
- Balcony
- Outdoor Entertainment
Other Features
- Area Views
- Car Parking - Basement
- Carpeted
- City Views
- Close to Schools
- Close to Shops
Can I afford 510/532-544 Ruthven Street?
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