113 Bridge Street

Mount Lofty QLD 4350

- 3 generous bedrooms, bedroom 1 with walk-in robe
- Spacious lounge room
- Separate dining room
- Updated kitchen equipped with gas cooking appliances
- Family bathroom with shower over bath
- Separate toilet
- Good sized laundry with 2 wash tubs and storage
- Polished timber flooring throughout
- 8 kW solar system with 23 panels
- Paved covered outdoor entertainment area with fire pit
- Rainwater tank and stand
- Shed plus single carport
- Plenty of fruit trees
- Fantastic 1,351m2 allotment
- Rent appraised at $420 - $450 per week

Dwelling 2, Units 1 - 3, 111 Bridge Street, Mount Lofty
Character style complex of 3 units, featuring:-
- 2 x 1 bedroom units
- 1 x 2 bedroom unit
- Spacious living spaces
- Updated kitchens with gas cooking appliances
- Polished timber flooring, high ceilings and VJ walls
- Rear timber decks
- External laundry for each unit
- Single lock-up garage to each unit
- Fantastic 2,019m2 allotment

This is your chance to acquire an opportunity like no other with this rejuvenated character style unit complex and a charming standalone timber home. Located in the always popular suburb of Mount Lofty, in a desirable street in one of Toowoomba's most sought after pockets, 111 and 113 Bridge Street are in a great convenient position, across the road from TAFE South West campus and within walking distance to Toowoomba East State School, Cobb and Co Museum, Queens Park, the CBD and local cafes.

On offer here is a charming, tastefully updated 3 bedroom character home and a stunning Queenslander which is currently divided into 3 separate units. With plenty of options on offer whether you live in the home whilst receiving cash flow from the units, or for the astute investor, the whole package presents an ideal and high growth investment, this is an opportunity like no other.

Dwelling 1

113 Bridge Street, Mount Lofty, Charming Character Home

The charming character home features a front covered verandah to relax with the morning cup of coffee, 3 good sized bedrooms, the main bedroom with a generous walk-in robe and an expansive light-filled sunroom. The spacious lounge room features reverse cycle air-conditioning and ceiling and leads to the separate dining room and onto the centrally located stylish kitchen which is home to a gas cooktop and oven, rangehood, dishwasher and also featuring the original oven, island bench, double bowl sink plus plenty of bench space and cupboards. The updated family bathroom hosts a shower over bath plus vanity, the toilet is separate for added convenience and is located next to the good sized laundry which features plenty of storage and single wash basin.

The home is oozing with charm and character which is highlighted by the high ceilings, polished timber flooring, timber paneling and VJ walls, ornate ceilings, stained glass windows and timber lead doors. Further benefits include an abundant of storage throughout, an 8kW solar system with 23 panels, rainwater tank and electric hot water system.

There is plenty to keep you entertained externally where you will find an enclosed and covered rear alfresco area, a fabulous private fire pit and barbeque area featuring stunning stone floor covering, plus an additional covered gazebo style sitting area set amongst the garden surrounds. For the green thumb in the family there is a veggie / herb garden, and plenty of established fruit trees, set on a fantastic 1,351m2 allotment. There is also 2 storage rooms for the tools and lawn mower, a detached 3.6m x 7.1m shed and a single carport for your vehicle.

Investors - the home has been rent appraised at $420- $450 per week.

Dwelling 2, Units 1 - 3, 111 Bridge Street, Mount Lofty

The stunning Queenslander is currently divided into three individual units, and has the potential to return $780 per week. These units are ever popular with tenants due to the convenient location and is a high growth investment for the astute investor.

Unit 1 features impressive entry and hallway, 2 large bedrooms (1 with built-in, 1 with ceiling fan), spacious lounge room boasting reverse cycle air-conditioning, updated kitchen home to a gas stove, rangehood, single bowl sink and pantry, neat and tidy bathroom with shower over bath and vanity, external laundry with single wash basin and single lock-up garage. The unit is currently vacant and has been rent appraised at $260 per week.

Unit 2 features 1 large bedroom, front sunroom and additional office, spacious lounge room boasting reverse cycle air-conditioning, updated kitchen home to a gas stove, rangehood, single bowl sink, plus plenty of cupboards and pantry, neat and tidy bathroom with shower over bath and vanity, rear timber deck and external laundry with single wash basin and single lock-up garage. The unit is currently rented at $220 per week until 2nd July 2022, with a new lease renewal signed for 12 months at $260 per week from 5th July 2022 to 2nd July 2023.

Unit 3 features 1 generous bedroom complete with ceiling fan and reverse cycle air-conditioning, front L shaped sunroom, spacious lounge room, additional dining room, updated kitchen home to a small gas stove, rangehood, single bowl sink and pantry, neat and tidy bathroom with shower over bath, wall heater and vanity, rear timber deck and external laundry with single wash basin and single lock-up garage. The unit is currently rented at $260 per week until 2nd February 2023.

The units boast gorgeous character charm including high ceilings, VJ walls, stained glass windows and polished timber flooring throughout, plus there are security screen doors to each unit for your added peace of mind.

Externally there is a single colorbond lock-up garage for each unit plus a grassed area. The property is fenced on 3 sides and provide easy access to the units from Bridge Street. There is also a large backyard behind the sheds that make up the 2,019m2 allotment (2 Lots).

Investors - the unit has the potential to return $780 a week through, with 2 units currently tenanted through our RE/MAX Success Property Management Department. These units are ever popular with tenants due to the location, keeping the rent high and the capital growth well assured into the future.

Leases that are currently in place:

* Unit 1 - Vacant - rent appraised at $260 per week
* Unit 2 - $220 per week until 2nd July 2022, increasing to $260 per week from 05th July 2022 to 2nd July 2023
* Unit 3 - $260 per week until 2nd February 2023

This is not to be missed! For your convenience, viewings are by appointment only.

113 Bridge Street (House)

General rates: currently $1,651.23 net per half year
Water rates: currently $349.94 net per half year plus consumption

111 Bridge Street (Units)

General rates: currently $3,169.69 net per half year
Water rates: currently $349.94 net per half year plus consumption

Primary school state catchment: Toowoomba East State School
High school state catchment: Toowoomba State High School