371 Old Goombungee Road



Property Features

Property ID: 2836882


If you have been looking for that elusive plot of land with potential galore than this is for you.
2.5 Acres located 6 minutes to the CBD and zoned as emerging residential your options here are endless.
Toowoomba being well known as a solid market and with 2 years of solid capital growth this is an opportunity to not miss.
Local recent investment including the new privately funded airport and the federally funded range bypass ensure Toowoomba is a market well positioned for future performance.

Located close to the CBD and to all major arterial roads you have a prime location in often a suburb where large blocks are rarely available. This property represents a range of opportunities and could included a boutique subdivision, a large unit development site or just a great parcel of land to hold long term. You even have the option to keep a horse or two on the property which is a rare opportunity being so close to the CBD. Alternatively you could subdivide the existing home off and on sell the rear parcel of land. Of course these opportunities would subject to TRC approval.
Currently the house of the land is tenanted by excellent tenants at $350 per week and offers some holding income over the long term. The tenants have expressed and interest to extend their stay however the lease is currently on a periodic term.

The house itself offers more than meets the eye and has a full home plus attached granny flat for independent living

The home offers

- 3 bedroom/ 2 living or 4 bedrooms plus 1 living home

- Large open plan living dining with generous kitchen
- 3 bedrooms all with building storage
- 4th bedroom is generous and could be used as a living room
- Sunroom

The Granny Flat offers

- Large bedroom
- Generous kitchen with sink, hotplates and storage
- Living/dining area
- Disabled access bathroom

The land offers

- Fully fenced yard with gated access
- Private fenced house yard detached from the paddocks
- Full stable complex
- 55m unequipped fully cased bore

The property is to be viewing strictly by appointment only. Contact Cooper Watson to book your appointment today.