CHAN DE SILVA with Jacqui Walker presents this RARE BUNDLE of 2 commercial and 2 residential buildings – 100% LEASED – with 3 street access across 3 titles and 56 metres of MAJOR STREET FRONTAGE.
THE ASSET:
- Owner will consider separate sale of titles
- Capital outlay whole site: $1.2 million
- Current annual lease income across 4 Tenancies: $63,540.00
- Gross rent yield: 5.29% p.a.
- Title 1: First Commercial Building, eastside corner Brim St / Bridge St
- Title 2: Second House to middle of bundle, Bridge St
- Title 2: Second Commercial Building beside that middle house
- Title 2: Large carpark area to entire rear boundary
- Title 3: First House, westside corner Hillview Ave / Bridge St
- Total bundle land area: 2,700 sq metres approx
CAPTURING:
- Access via 3 streets
- The value-adding benefit of two corner allotments
- Set on important traffic artery, Bridge Street
—- To the west, this becomes the major Warrego Highway
- Special position opposite TWO-LEVEL pub/hotel
—- That sets possible precedent for your future comm development
PER EVIDENCE BELOW, Toowoomba is experiencing continued infrastructure expansion and price growth – significantly enhancing capital growth prospects for the bundle purchaser of 241-249 Bridge Street.
LET’S ZOOM-IN on the 3 titles.
YES, the owner will consider separating these.
TITLE 1, 241 Bridge St:
- Commercial Building 1, Office with Shopfront
– On eastern side of bundle corner Brim St / Bridge St
—- 85 sq mtr office with open-plan shopfront and front awning
—- 2 offices, shopfront, storeroom, kitchen and separate toilet
—- Air-conditioning, data rack
—- 4 x On-site car parks
—- 100% of Outgoings paid by tenant, $5,400 per year inc GST
—- Title 1 Land Area: 405 sq mtrs approx
—- Zoned: Office Building
—- Development Zone: Mixed Density Residential
TITLE 2, 243A Bridge St:
- House 1
– Bridge St frontage
——– Cottage style with 2 bedrooms, 1 bathroom and rear carspace
- Commercial Building 2, Hair Salon
– Beside middle house
– Bridge St frontage
——– Currently leased to local Hair Salon until mid January 2022
——– Renewal option excercised once already
——– 89 sq mtr building + 15m2 adjoining awning / courtyard
——– Long history of use as a hair salon
——– 2 x Air-conditioners, storeroom, kitchen and rear toilet
——– Polished timber floor with decorative ceiling
——– Easy access to large rear carpark
——– Uses may inc massage, beauty, medical consulting or retail
- Long Rear Carpark 57.5m x 8m with access via either side-street
- Title 2 Land Area: 1,169 square metres approx
- Zoned: Commercial
- Development Zone: Mixed Density Residential
TITLE 3, 249 Bride St:
- House 2
– On western side of bundle corner Hillview Ave / Bridge St
——– 3 bedrooms, 1 updated bathroom
——– Double carport, 1 detached SLUG
——– Huge lounge room, neat kitchen, sunroom, int toilet and laundry
——– Timber floors throughout
—- Title 3 Land Area: 1,156 square metres approx
—- Zoned: House
—- Development Zone: Mixed Density Residential
NEARBY:
- Next to 7-Eleven, with fuel
- Opposite TWO-FLOOR Gowrie Road Hotel/Pub
- 170m to large landsite at Pure Land Buddhist Centre
- 300m to Hillview Avenue Park
- 350m to Toowoomba West Special School
- 350m to Holy Name Primary School
- 1.6km to Toowoomba North Primary School
- 1.8km to CBD/Grand Central
- 3.0km to Toowoomba State High School
COMMERCIAL INVESTORS, Toowoomba is booming:
- $1.6 billion Second Range Crossing completed 2019
- $500m QIC Grand Central Shopping Centre upgrade completed 2018
- New Airport Industrial Park
- New Regional Data Centre
- Bridge Street is an important traffic artery in Toowoomba, at west becoming the major Warrego Highway
- Toowoomba is a key strategic link in the National Land Transport Network
A RARE BUNDLE of 2 commercial and 2 residential buildings across MULTIPLE TITLES with MAJOR STREET FRONTAGE and LEASE INCOME, it’s clear that 241-249 Bridge St represents a RARE OPPORTUNITY FOR INVESTORS.
FOR INSPECTION OR MORE INFORMATION, Chan De Silva is standing by right now for your message or call. SEE, ACQUIRE AND GAIN!
***USEFUL INFORMATION with compliments of Chan De Silva and Jacqui Walker:
- Land Area Total Bundle: 2,700 sq metres approx
- Approx Dimensions Total Bundle:
—- 56.7m frontage to major Bridge St
—- 45.5m deep to eastside boundary Brim St
—- 44.9m deep to westside boundary Hillview St
—- 57.5m rear boundary along carpark area
- Real Property Descriptions:
—- Title 1: 241 Bridge (east corner) Lot 1 on Registered Plan 17060
—- Title 2: 243A Bridge (middle) Lots 2 on Registered Plan 60061
—- Title 3: 249 Bridge (west corner) Lot 1 on Registered Plan 51161
- Internet: Each title can connect to NBN via Fibre-to-the-Node technology (FTTN)
- Local Government Area: Toowoomba Regional Council
- Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.