1, 2, 3, 5/306-310 James Street, Harristown, Qld 4350

An outstanding investment opportunity within Oxford Crest Toowoomba, a well-established independent living village catering to over 50's. This listing offers four fully tenanted one-bedroom units in a secure, low-maintenance complex.

With strong tenant demand, rents of $285-$340 per week, and minimal ongoing costs for investors, a 10%+ rental yield is confidently achievable. Positioned opposite Clifford Gardens Shopping Centre and just 2.5 km from Grand Central, this location ensures ongoing demand from retirees seeking comfortable, independent living.

Key Features:

- One-bedroom units with ensuite bathrooms
- Kitchen and built-in wardrobe
- Reverse cycle air-conditioning
- Security screens on all windows and doors
- Front and back doors for airflow
- Access to the community clubhouse with organised social and recreational activities
- Onsite management for leasing and vacancy management, with the option to engage external real estate agents
- Situated in a well maintained complex with in house site management

Current Tenancy Details (Units 1, 2, 3 & 5):

- Unit 1: Currently vacant from 14th March 2025, previously rented at $570 per fortnight.
- Unit 2: Tenanted until 3rd March 2025 at $570 per fortnight, increasing to $600 from 4th March 2025 for 12 months.
- Unit 3: Lease in place until 30th March 2025 at $570 per fortnight, increasing to $600 from 31st March 2025 for 12 months.
- Unit 5: Tenanted until 29th October 2025 at $570 per fortnight.

Investment & Financials:

- 10%+ approximate rental yield
- Strata management fees cover building insurance, public liability insurance, and common area maintenance
- Tenants pay for electricity and may be billed for water consumption at the owner's discretion
- No council rates or water access charges
- No entry, exit, or ongoing site fees payable by investors-only body corporate fees (approx. $1500/quarter)
- Comparable sales indicate pricing potential between $140,000 - $170,000 per unit

Sale Details:

- Auction Date: Saturday, 8th March 2025, at 10:30 AM (Onsite Auction)
- Offers Prior to Auction: Considered
- A total of 8 units are available, offering flexibility for buyers wanting to purchase multiple units or the entire portfolio.

Request the Full Information Memorandum

For a comprehensive Information Memorandum, including financial details, tenancy schedules, and further investment insights, contact Lochie Wagner and Chan De Silva today.


Disclaimer: Every effort has been made to ensure the accuracy of the information provided; however, we encourage you to independently verify all figures, measurements, and details. We accept no liability for any errors, omissions, or inaccuracies. Prospective purchasers should make their own enquiries to confirm the information contained in this listing.