1/40 Taragon St, Glenvale is a 6 bedroom, 6 bathroom Unit with 3 parking spaces. The property has a land size of 366m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
INVESTOR ALERT - 3 STRATA-TITLED UNITS | FULLY LEASED | APPROX. 5% GROSS RETURN$1,485,000 - THREE UNITS TO BE SOLD TOGETHERHere is an investment opportunity that deserves serious attention.Welcome to Units 1, 2 & 3/40 Taragon Street, Glenvale - three modern, separately strata-titled residences being offered together as one outstanding investment holding.All three properties are fully leased, each currently returning $480 per week, providing a combined gross rental income of approximately $74,880 per annum and representing an attractive gross return of approximately 5.04% No searching for tenants. No waiting for income to commence.Purchase, settle and step straight into an established income-producing investment from day one.THE INVESTMENT AT A GLANCEThree separately strata-titled unitsTo be sold together - not individuallyPurchase price: $1,485,000All three units fully leased$480 per week per unitCombined rental income: $1,440 per weekCombined gross income: $74,880 per annumApproximate 5.04% gross rental returnUnit 1 leased until October 2027Unit 2 leased until March 2027Unit 3 leased until October 2027Modern, low-maintenance constructionPositioned together on a 766m corner allotmentTHREE PROPERTIES - ONE PURCHASEEach beautifully presented residence offers:Two generous bedroomsTwo bathroomsMaster bedroom with private ensuiteBuilt-in wardrobesSpacious open-plan kitchen, dining and livingAir-conditioningModern kitchen with excellent storageQuality fixtures and fittingsPrivate outdoor entertaining areaSingle remote lock-up garageInternal garage accessLow-maintenance surroundsAcross the entire holding, that's an impressive six bedrooms, six bathrooms and three lock-up garages.WHY BUY ONE INVESTMENT WHEN YOU CAN SECURE THREE?For the serious investor, this opportunity provides something quite special.Rather than purchasing three properties in three different locations, here you can acquire three separately titled assets together, creating the convenience of having your investment holding in one location while retaining the benefit of three individual titles.The properties are already tenanted and income producing, removing one of the immediate uncertainties associated with acquiring vacant investment property.It also provides three separate rental income streams, rather than relying upon the tenancy of a single property.BUILT WITH TENANT APPEAL IN MINDEach unit offers the modern features tenants are looking for - two bedrooms, two bathrooms, ensuite to the master, open-plan living, air-conditioning, private outdoor space and secure garaging.The contemporary, low-maintenance design makes these properties particularly well suited to investors wanting an asset that is practical and appealing to tenants without the maintenance demands of an older property.INVEST IN GLENVALEPositioned in established Glenvale, the properties enjoy convenient access to shopping, schools, parks, services and the Toowoomba CBD.JACQUI SAYS"I think this is a particularly exciting opportunity for an investor wanting to acquire multiple income-producing properties in one transaction.""All three are beautifully presented, all three are leased at $480 per week, and all three are separately strata titled. At $1,485,000, the combined current rental income represents approximately a 5% gross return.""The hard work has been done - the tenants are in place and the income is already flowing. Now it's simply time for the next investor to take ownership."The Jacqui Walker Team would be delighted to provide full lease information and further details or arrange your private inspection.3 TITLES. 3 TENANCIES. $74,880 P.A. GROSS INCOME. ONE OUTSTANDING INVESTMENT.$1,485,000 - SOLD AS ONE COMPLETE INVESTMENT HOLDING
The size of Glenvale is approximately 14.6 square kilometres. There are 18 parks, covering nearly 11.4% of the total area. The population of Glenvale in 2016 was 6353 people. By 2021 the population was 8120 showing a population growth of 27.8% in the area during that time. The predominant age group in Glenvale is 20-29 years. Households in Glenvale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glenvale work in a professional occupation.In 2021, 54.00% of the homes in Glenvale were owner-occupied compared with 58.00% in 2016.
Glenvale has 4,285 properties. Over the last 5 years, Houses in Glenvale have seen a 100.38% increase in median value, while Units have seen a 124.68% increase. As at 31 August 2026:
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