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SOLD

3-7 Foundry Street & 51 Raff Street, Toowoomba City, QLD, 4350

Properties / Sold / Queensland / Toowoomba

Tenanted Investment

1. Property Summary

Selling Method

EOI

Property Type

Industrial, Other

Sub-type

Office/Warehouse

Est. Income

$149,425 p/a

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2. Property Highlights

Multi-Tenanted CBD Fringe Investment!

2,307m2* Total site area
1,452m2* Total building area
PWD-compliant access & amenities

Colliers Toowoomba is excited to exclusively present this outstanding investment opportunity to the market for sale via Expressions of Interest closing April 9th 2024 at 4pm.

Being the first time offered to the market in over 18 years, this impressive asset is located on the northern fringe of Toowoomba's CBD with direct access to the New England Highway & offers a quality fit out with a diverse mix of tenants!

Featuring:

- Secure tenant covenant to "Australian Well Control Centre", "Carbal Medical Services" &

two residential tenancies

- Commercial net income of $131,527 per annum + GST

- Commercial tenants pay 100% of outgoings with fixed 3% annual rent increases

- Residential net income: $17,898.18 per annum

- 2,307m2* Total site area over 2 x titles with favourable "Mixed Use" zoning

- 1,452m2* Total building area, over 4 separate tenancies

- Ample on-site car parking/warehouse with electric roller door access & 3-phase power

- PWD-compliant access & amenities

- Future development potential to build to 3 storeys under current planning scheme**

- Inspections strictly by appointment only (24hrs notice required)

Rarely do such significant & strategic assets come to the market – don’t miss your opportunity to secure this facility in one of the fastest-growing regions in Australia!

Accelerating success. For more information or to arrange an inspection, please contact the exclusive marketing agents Mike Turley or Mitch Willis of Colliers Toowoomba.

*Approx

**STCA

Remember to mention you found this property on CommercialReady