Located within the inner city, this character block of apartments sits on a 409 square metre block, in the south-west corner of the Toowoomba Railway Parklands Priority Development Area. Within walking distance of all city amenities, 5 Royal Street represents an enticing investment opportunity, in a city experiencing unprecedented growth. The urban fabric of Toowoomba is evolving, and this property overlooks the exciting new development about to unfold.

In conjunction with the Local and State Government, a PDA (Priority Development Area) is firmly in place, with a clear vision to incorporate the historic railway area and unused industrial buildings into a dynamic, culturally significant area. Considerable thought has produced plans which link the vibrant heart of the city to quality recreational, medium density residential, retail and commercial spaces. This apartment block is ideally positioned to take advantage of such wonderful facilities.

Two stories and originally built over a century ago, as accommodation for railway travellers, the building has undergone extensive renovations – expanding individual residences into four fully self-contained one to three-bedroom apartments. VJ boards and 3 metre ceilings are evident throughout. Perched on an elevated allotment, with eastern views towards the massive railway precinct, these apartments are ideally located to take advantage of sensational inner city living. The property is strata titled but sold as a single entity, with a community managed scheme in place. All four apartments have long term tenants in place.

Current market conditions strive to support stability, growth and confidence. Surrounding properties continue to evolve as the area is reinvigorated. In such a desirable location, this property represents potential for enormous growth, and an income of upwards of $52,000 gross per annum ensures return on investment is solid.