12 Argyle Street, East Toowoomba, QLD, 4350

Opportunities to secure a triplex investment in East Toowoomba are exceptionally rare. Positioned within walking distance of schools, parks and the CBD, this solid complex offers a combination of location, stability and long-term potential. The property comprises three one-bedroom units, constructed in the early 1970s and largely in original condition. Despite its age, the complex has maintained continuous tenancy throughout its entire history, demonstrating the ongoing demand for well-located rental accommodation in this area. Each unit features an open-plan living layout, with lounge upon entry flowing through to the kitchen and meals area. The bedrooms are generously sized and include full built-in wardrobes, while the combined bathroom and laundry area is positioned at the rear of each unit with access to the carport and rear laneway. Security screens and doors throughout allow for excellent natural airflow and cross-ventilation, enabling tenants to comfortably enjoy fresh air while maintaining security. Constructed of Besser block on a concrete slab, the complex provides a solid, durable structure well suited to long-term investment ownership. Each unit is individually metered for water, allowing water consumption to be passed on to tenants in accordance with legislation. The complex is currently returning $800 per week gross, with clear scope for rental growth over time through thoughtful updating. Property Summary • Triplex comprising 3 x 1-bedroom units • 576m² block in East Toowoomba • Two-street access with rear lane servicing • Approximately 5 minutes' walk to Toowoomba Grammar School and Queens Park • Around 10 minutes' walk to the CBD and nearby cafés • Single garage currently retained for owner use Each Unit Features • Open plan living, dining and kitchen • Spacious bedroom with built-in wardrobes • Combined bathroom and laundry to the rear • Separate toilet • Single carport • Security screens and doors throughout Whether you are seeking a stable investment property or an opportunity to landbank in one of Toowoomba's most tightly held locations, this property presents genuine long-term potential. An information pack is available on request by contacting the agent via this website or by calling 0418 185 220. Inspections will be strictly by allotted time on Thursday 19th and Saturday 21st March with Offers closing at midday Tuesday 24th March – to secure your spot please give us a call, we look forward to speaking with you. Rates: General: $ 3046.73 gross per ½ year Water: $ 397.27 gross per ½ year + consumption

Type

Block Of Units

Bedrooms

3

Bathrooms

3

Parkings

3