8-10 Link Street, North Toowoomba QLD 4350

Property Details: • Type: Block of Units

• Bedrooms: 24 • Bathrooms: 12

Description: COME WITH US NOW to North Toowoomba in Queensland, where Jacqui Walker presents 'Park Link' - an ENTIRE UNIT BLOCK of 12 Units - with robust rental history, selling 100% Leased. INVESTOR QUICK GLANCE: - 12 Units, each with 2 Bedrooms, 1 Bathroom and 1 Carport - The 12 Units are comprised of 6 Duplexes, completed in stages across 2013-2018 - Current annual rent income: $231,660.00 - Gross rent return 4.63% p.a. - Scroll below for Outgoings - Scroll below for list of LOW-MAINTENANCE features SOLID LEASES: - Selling 100% leased - Emphasis on 1 Year Lease Terms - Managed by the Property Management Team at our office, REMAX Success ::: Unit 1 - $360.00/wk - until 01/04/2026, rent last increased 09/09/2024 ::: Unit 2 - $360.00/wk - until 08/09/2025, rent last increased 24/09/2024 ::: Unit 3 - $365.00/wk - until 10/11/2025, rent last increased 10/11/2024 ::: Unit 4 - $375.00/wk - until 04/02/2026, rent last increased 25/02/2025 ::: Unit 5 - $365.00/wk - until 05/01/2026, rent last increased 09/07/2024 ::: Unit 6 - $390.00/wk - until 20/07/2026, rent last increased 16/07/2025 ::: Unit 7 - $390.00/wk - until 03/08/2026, rent last increased 02/08/2025 ::: Unit 8 - $365.00/wk - until 22/09/2025, rent last increased 04/09/2024 ::: Unit 9 - $360.00/wk - until 20/12/2025, rent last increased 18/06/2024 ::: Unit 10 - $375.00/wk - until 30/03/2026, rent last increased 25/03/2025 ::: Unit 11 - $375.00/wk - until 06/04/2026, rent last increased 02/04/2025 ::: Unit 12 - $375.00/wk - until 03/03/2026, rent last increased 04/03/2025 - Are North Toowoomba rental properties highly demanded? Generally always, and definitely now in the current rental market, with lower supply than demand TOTAL INCOME AND MAJOR OUTGOINGS: - Current annual rent income: $231,660.00 - Recent General Rates and Charges: $5,763.11 + $5,800.61 gross per half-year - Water Infrastructure Charge: Approx $1,320.00 per half-year, then Tenants pay consumption - Body Corp: entire Complex held by one owner, therefore, no Body Corp - Also consider Building Insurance ... Lease Management Fees ... Garden Maintenance ... and Building Upkeep externally and internally THE ALLOTMENTS: - Entrance faces west to Link Street - Set on two titles with NO overlapping easements ::: 8 Link Street is Lot 9 on Registered Plan 50021 ::: 10 Link Street is Lot 10 on Registered Plan 50021 ::: Total combined land area is approx. 2,906 Square Mtrs THE BUILDINGS: - The 12 Units are made up of 6 Duplexes - Brick-veneer buildings - Modern design - Steel-frame construction reduces potential impact of White-Ant damage - Completed in stages 2013-2018 EACH UNIT FEATURES: - Spaciousness across 2 Bedrooms, 1 Bathroom and 1 Carport - Reverse-cycle air conditioning - A dishwasher - Water efficient devices - A huge 400 litre Solar hot water system - Well-designed bedroom cupboards with shelves, hanging space and additional higher shelves - Internal additional data access points for television streaming - ANL security screens and security doors - Desirable shade to each Unit from carport - Best possible internet connectivity, with NBN to each Unit rather than only to the street, FTTP EASY LONG-TERM MAINTENANCE: - 12 mail boxes WILL NEVER RUST: aluminium, sealed in a pack - Durable retaining walls: concrete post and concrete sleepers, and each less than 1m high - Durable Colorbond steel fencing - Rubber bumpers to 4 visitor carparks to PROTECT fence - Durable well-protected power box is SHELTERED within an extra skin in a concrete-based steel enclosure - Front 4 units have LED fluro lights which NEVER need maintenance - Virtually maintenance-FREE backyards, with landscaping stone ::: Except unit 7 - Emphasis on EASY-CARE plants and low-maintenance common areas PARKING AND ACCESS: - 16 carparks total ::: 4 Visitor carparks at front ::: 12 Carports, 1 to each Unit - Extra-wide driveway, for more harmonious community living - Ample space for trade/delivery vehicles to park - Opportunity exists to add an electronic gate ::: The entrance has been designed for this, with power outlet/cable conduit in place - Wide street ALSO: - 50% of Units have a ceiling fan to each bedroom - All Units are fitted with low power-usage Fluro light tubes in living areas - Each Unit is individually metered - read and billed by agent for water supply - Solar electrical roof systems ::: Each is 3kW per unit except Units 9 and 10 at 1.5kW - 6 rear Units have water tanks for grey-water use in toilets and washing machine - All units have functioning water pressure reducers ::: This is because Link Street is noted for high water pressure ::: 50mm poly main Water line to Unit block WHAT'S NEARBY? - We understand that the land along the whole street on the west side is owned by the Council - Bordered by nicely presented Council parklands at rear and on half of one side ::: Park offers tennis courts, shade and swings! - 350 metres to Bus Stop - 800 metres to Bunnings - 850 metres to Coles and Aldi at Northpoint Shopping Centre - 1.8km to Toowoomba State High School - 2.0km to Harlaxton Primary School - 2.0km to CBD TOOWOOMBA ECONOMIC SNAPSHOT: - Toowoomba region population approx. 170,000 - Toowoomba has a gross regional product of $11.56 billion - Toowoomba is the gateway to the west ::: Abundant gas and oil resources ::: Significant rural wealth - Inland city showing huge growth ::: $1.3 billion dollar upgrades on the way for New Toowoomba Hospital in Cranley ::: $215 million New Toowoomba Region Sports Precinct in Charlton as part of Council's Sports Precinct Master Plan ::: $1.6 billion Second Range Crossing completed 2019 ::: 2017 completion of modern local Airport with International Freight Handling, and $500m redevelopment of major inner-city Shopping Centre ::: Airport Industrial Park ::: Regional Data Centre - 80 mins drive to Brisbane, flights available - Under 2 hour drive to Gold Coast THIS ENTIRE UNIT BLOCK shows an ATTRACTIVE YIELD