Level 2/203/677-68 Ruthven Street SOUTH TOOWOOMBA QLD 4350
$550,000-$589,000

DESCRIPTION

Offering a long-term investment opportunity perfect for a set and forget investor, ideal for an SMSF or private entity.

Located on the fringe of the CBD, close to leading schools, caf�'s, shops, medical, the Base Hospital and moment to the City Golf Club.

The rental return is secured under a Commercial Lease agreement with a fantastic yield on offer and no outgoings payable by the property owner.

- Boasting 2 built in bedrooms
- Main offers walking robe and beautiful ensuite
- Spacious main bathroom & internal laundry
- Open plan living, makes for easy living and joyful entertaining
- Stone benchtops and stainless-steel appliances
- Handleless cabinetry & loads of storage space throughout
- Triple sliding doors open out to the balcony
- Double car parking plus a storage area is included

While you can't live in the apartment, the current lease ensures you have a secure investment moving well into the future.

Current Lease Terms -
- Initial 10-year term commenced mid 2021 (approx. 6+ years remaining)
- There are two additional 10-year options available to the tenant
- The tenant pays ALL the standard outgoings (Body Corp, Insurance, Rates, Management Fees, plus)
- Bond- 3 Months rent plus Outgoings
- There is a make good clause as part of the lease agreement

Enquire today for more information on what this fantastic opportunity looks like, an Information Memorandum is available for your perusal.