Prime Development Opportunity in Toowoomba City: Charming Character Units with Endless Potential!
Located in the heart of Toowoomba City, 39 Raff Street presents a rare opportunity to acquire a character-rich complex of three units, each with unique features and undeniable charm. This property, built in 1910, sits on a generous 931sqm* allotment and offers dual access from both Raff Street and Archibald Street. Currently configured as two 1-bedroom units and one 2-bedroom unit, this complex is fully tenanted, returning $645 per week. With high ceilings, VJ walls, timber flooring and a prime position within walking distance to key city amenities, the potential for restoration or redevelopment is vast. This property is ideal for investors looking to capitalize on the future growth of Toowoomba City, or for those seeking a rewarding renovation project.
• Character-Rich Complex: Features three units with high ceilings, VJ walls and timber flooring
• Current Income: Fully tenanted, generating $645 per week in rental income
• Prime Location: Situated in the heart of Toowoomba City, within walking distance to key amenities
• Unit Configuration: Includes 2 x 1-bedroom units at the front and 1 x 2-bedroom unit at the rear
• Modern Conveniences: Each unit includes a neat and tidy kitchen with a gas cooktop and electric oven
• Dual Access: Property offers access from both Raff Street and Archibald Street
• Generous Allotment: Large 931sqm* block, zoned residential conservation, with potential for future redevelopment
• Outdoor Features: Front covered patios for units 1 and 2, communal laundry and single carport for each unit
• Investment Potential: Located in a low-medium density residential area, ideal for future growth or redevelopment
• Historic Charm: Built in 1910, offering a blend of historic appeal and modern living essentials
* Approx.