Centenary Heights QLD 4350

Property Details: • Type: House

• Bedrooms: 14 • Bathrooms: 6

Description: An opportunity that doesn't become available to often! Built by the current owners in the 1980's this complex has been a consistent and strong return for many years, with the tenants having lived here from 5-30 years. The longevity of the tenants speaks volumes to the appeal of this location, its within walking distance to multiple schools, shopping complexes, parks, churches and just a short drive to Toowoomba Base Hospital or St Vincent's Hospital. The complex comprised of 4 x 2 bedroom, 1 bathroom, 1 single lock up and 2 x 3 bedroom, 1 bathroom, 1 single lock. All units are in very good condition, largely original with updates of the years. All tenants have expressed interest in staying on long term if the opportunity presents, they're all currently on a periodic arrangement and have not had increases to rent for over a year. Current rent appraisals suggest the 2 bedroom units are $460-480 per week and the 3 bedroom units are $530-550 per week. The photos are from unit 1 & 5 and give a fair representation for all 6. All inspections will need 48 hours notice. Current rents: Unit 1: $300 per week - 3 bed - periodic lease Unit 2: $250 per week - 2 bed - periodic lease Unit 3: $250 per week - 2 bed - periodic lease Unit 4: $300 per week - 2 bed - periodic lease Unit 5: $250 per week - 2 bed - periodic lease Unit 6: $280 per week - 3 bed - periodic lease General rates per half year: $6,062.93 Water rates infrastructure charge per half year: $893.86 Water consumption cost for the half year: $616.92 for period ending 31/12/25 Building & Contents insurance: CHU $3951.23