Location: 417 Ruthven Street, Toowoomba
R.P.D.: L2 on RP 49257, County of Aubigny, Parish of Drayton
Leases: 5 years from 01st April (Ground Floor)
3 years from 1st April (First Floor)
Options: 2 x 5 years (Ground Floor) and 2 x 3 years (First Floor)
Base Gross Rent: $91,000 plus GST per annum
Estimated Nett Rent: $88,000 plus GST per annum
Rent Reviews: Annual 4% (Ground Floor) & CPI (Upstairs)
Outgoings: 100% paid by ground floor tenant (Except for Land Tax, Maintenance & Repairs)
Guarantees: Directors Guarantees Apply
Land Area: 182m2 with rear lane access

This is a very well located property, adjoining Baileys and almost at Toowoomba’s main
intersection of Ruthven & Margaret Streets. The ground floor tenancy of approx 180 m2 also
includes a mezzanine level, ideal for staff amenities or additional storage space. The total lettable
area is approx 240m2. This tenancy is trading as NB Style is a very modern store with attractive
shopfront and kerbside appeal. The business NB Style has been operating in Toowoomba over 10
years and opened in this location in about 2008.
The upstairs section has been leased to the owners of NB Style who will relocate another of her
businesses into this floor space. The current vendor has negotiated this new 3 year lease and has
agreed at its own cost to renovate the subject area to suit the lessee.
Over the last couple of years, quite a few stores in this area have been renovated. Currently two
large buildings opposite have undergone major works to modernize this part of the CBD and to
make it more appealing for shoppers. Almost all of the stores between Heritage Building Society
and Margaret Street have now been upgraded and modernized. This part of the CBD is on the
move and already we are seeing strong interest from tenants for available space.
For a more detailed report or to arrange an inspection

Graham Newnham
First National Commercial
Brisbane CBD
0427 738 484.