205 North Street
Rockville, QLD 4350

Overview

205 North Street Rockville QLD 4350

This entire quadplex offers an impressive 15.54% annual gross short-stay rent yield, situated directly opposite the main entrance to St Andrew's Hospital, the largest hospital in South-East Queensland specializing in heart and cancer treatment. This block of four units is presented in excellent condition with recent thoughtful updates both inside and out.

The property is set on a 594 square meter allotment facing south to the street. Each unit is individually metered for electricity, with shared water across the complex. The gardens are flourishing, and the overall presentation is ship-shape.

Current income is generated through a short-stay approach managed by the owner, with the following nightly rates and occupancy:

• Unit 1: 1 bedroom, 1 bathroom, 1 carport, $196 per night at 80% occupancy
• Unit 2: Studio, 1 bathroom, 1 carpark in front, $179 per night at 80% occupancy
• Unit 3: Studio, 1 bathroom, 1 carpark in front, $179 per night at 80% occupancy
• Unit 4: 2 bedrooms, 1 bathroom, 1 garage, $210 per night at 80% occupancy

This short-stay approach yields approximately $223,088 per annum, equating to a 15.54% gross rent yield based on the offer price. Proper approvals have been granted for this rental strategy.

Alternatively, the units can be leased long-term with estimated weekly rental opinions as follows:

• Unit 1: $380 to $400 per week
• Unit 2: $350 per week
• Unit 3: $350 per week
• Unit 4: $420 to $425 per week

This would generate up to $79,300 per annum, equating to a 5.52% gross rent yield based on the offer price.

Outgoings include no body corporate fees as the complex is sold as a whole. Recent general rates and charges amount to $3,213.95 net per half-year, and water infrastructure charges are generally $377.41 net per half-year plus consumption. Building insurance, garden upkeep, and maintenance costs depend on individual plans and requirements.

Features of the property include:

• Indoor shutters throughout each unit
• Air conditioning in every unit
• Bedrooms: Unit 1 has 1 bedroom with built-in robe; Units 2 and 3 are studio apartments; Unit 4 has 1 bedroom with built-in robe plus an additional designated sleeping area
• Bathrooms and laundry: Unit 1 has a bathroom with shower, vanity, private toilet, and laundry area with cupboard; Units 2 and 3 each have a shower, toilet, vanity, and share laundry facilities; Unit 4 has shower, vanity, toilet, and laundry combined
• Car accommodation: Unit 1 has a built-in carport with exclusive driveway access; Units 2 and 3 have open car spaces at the front door accessible via shared driveway; Unit 4 has a built-in carport accessible via shared driveway
• Kitchens: Unit 1 has a spacious kitchen; Units 2 and 3 have functional kitchenettes; Unit 4 has a separate kitchen
• Living and dining areas: Unit 1 features a spacious air-conditioned lounge and dining room; Units 2 and 3 have combined living/dining areas; Unit 4 has a lounge room and separate dining room
• Outdoor zones: Unit 1 has a porch overlooking a beautiful front yard and a courtyard with clothesline and seating area; Units 2 and 3 share a covered outdoor sanctuary; Unit 4 has a front porch and a private courtyard
• Additional storage: Handy linen/storage room measuring approximately 2m by 1.8m

The location is highly convenient, being directly opposite St Andrew's Hospital and close to several amenities including Wilsonton Shopping Centre (1.1 km), Wilsonton High School (1.1 km), Rockville Primary School (1.2 km), and an upcoming major public hospital under construction within a 75-hectare health precinct (1.6 km).

Toowoomba is a growing inland city with a population of approximately 186,276 as of June 2025 and a gross regional product of $15.14 billion for the financial year ending June 2024. The city is preparing for the Brisbane 2032 Olympic and Paralympic Games and benefits from significant infrastructure investments including hospital upgrades, sports precinct developments, and transport improvements.

This entire quadplex represents a valuable investment opportunity with strong short-stay returns and is recommended for prompt private inspection.

Additional details include internet connectivity via fibre-to-the-node infrastructure (FTTN), the property is legally described as Lot 12 on Registered Plan 76947, and it falls within the Toowoomba Regional Council local government area. The property is located in the Rockville Primary (P-6) and Wilsonton High (7-12) school zones.

All information is provided with care, but prospective buyers are encouraged to independently verify all details including photography, measurements, and figures.

Location