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Allora: A Property Portfolio for an Astute Investor

The Following Investment Properties are producing Quality Returns with Long Term Tenants.
 
Combined Sale $ 1,760,000 

Invest in all three as a portfolio with great returns, or as a combination of residential living with investments. Offers for individual properties also considered.

Allora is 36 km from The University of Southern Queensland, and 59km from Wagners Toowoomba Wellcamp  Airport. The airport has regular flights to China, exporting quality produce and beef on a weekly basis. Toowoomba is becoming popular with international visitors, and industry is growing with the mining sector a major supplier.

The city is world renowned for the Carnival of Flowers each year in September, with international and national travellers filling accommodation for several weeks. The Grand Central Shopping Centre has been recently extended to compete with Brisbane boutiques and shops.

46 - 48 Raff Street, Allora - $750,000

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Currently operating as Bed & Breakfast, offering accommodation and catering for 10 guests with 5 rooms and 5 bathrooms. This property will return 7% plus when the Garden Cottage is completed in the coming weeks. Currently earning $800.00 per week (gross), with tourist and travellers calling into Allora for its historic ties with Mary Poppins.

The property is a popular location for wedding photos, attracting bridal parties who enjoy photo shoots in the 8,094m2 of manicured gardens. The gardens, which feature fountains, fish pond, archways, hedges and established trees and shrubs, are hired out for a fee and offer catering for small groups upon request.

There is a rainwater tank for water storage, in addition to town and bore water access. A 5 kw solar system is connected to the electricity grid. There is an under-house entertainment area, including a bar area and room for storage. The Allora Golf and Lawn Bowls Club is adjacent to this property.

 

 

52 Herbert Street, Allora - $460,000

 

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This property offers a combination of 2 shops and a 4 bedroom, 2 bathroom home. All leased with long term tenants, returning 8% gross.  The commercial properties are currently leased, with one operating as a popular coffee shop and another as a hair salon. Both are reliable, long-term tenants providing a return of $720.00 per week (gross).

 

71 Herbert Street, Allora - $550,000

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Currently vacant, this property would suit a coffee shop or a family restaurant, such as a Chinese or Asian Restaurant. There is inside and outside seating for approximately 100 people.

The catering equipment is included in the restaurant if required. There is a coffee machine, cold room and an option on furniture and equipment. The restaurant has solar connected to the grid for cost saving.

Attached to the commercial restaurant is a 3 bedroom, 2 bathroom home, with a fence providing separation and privacy from the restaurant. The residence is currently rented, returning $320.00 per week (gross). This would provide ideal accommodation for staff at the restaurant if required, or simply used to provide additional income.

 

 

Please contact Eugene on 0474 777 022 for more information or to arrange an inspection. 

 

Listing Agent

Neville Tutt-1719-Eugene-Hollis-Neath

Eugene Hollis-Neath 
Landmark Harcourts Cooke

0474 777 022

07 4612 3779

 

 

Make an enquiry

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