40/337 Spring Street, Kearneys Spring, Qld 4350

Having a trouble-free asset with a good return is the goal of every investor. Having that asset in a location where demand for accommodation is strong ensures vacancy is minimal and the income reflects the demand.

Investors need look no further! This 3-bedroom townhouse in the 'Willows on Spring' complex in Kearneys Spring represents that ideal investment.  The property provides the astute buyer instant income, with an existing lease in place until December 2025.  The lease includes a market review of the current rent in December 2024.  The property is occupied by long-term tenants who have expressed a desire to continue leasing beyond the current term. 

'Willows on Spring' is a gated complex of 45 townhouses that includes a 24hr on-site manager.  Built in 2008, the community is ideally located close to the university (UniSQ), the large Toowoomba Plaza and The Ridge Shopping Centres, medical services, private schools and recreational facilities.  The complex has been maintained to a high standard and offers a wonderful environment for occupiers to feel secure and comfortable.

40/337 Spring Street, Kearneys Spring at a glance:
* 3-bed, 2-bath, 1-car townhouse in gated complex
* Fully fenced courtyard directly off dining space
* Galley style kitchen with dishwasher and gas cooktop
* Reverse cycle air-conditioning to ground floor living space
* Main bathroom on 2nd storey includes shower-over-bath
* Short distance to UniSQ, Highlands Christian College
* Supermarkets, Kmart, specialty retailers and medical centre all nearby
* Next door to the popular dining experience - 'Kingfisher Café' 
* Current Rental:  $420 per week
* Rent Review:  Market review in December 2024
* Lease Expiry:  19 December 2025 
* Council Rates:  $1103.57 and Water Access:  $315.27 (net half year)
* Body Corp. Charges:  Admin - $830.23 and Sinking Fund - $429.85 per quarter

Inspections are available by appointment only.  Contact Damian Borger (0408 083808) of Zing Property to arrange a viewing.