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114-116 Russell Street
Toowoomba City QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 720m2
Land area: 2994m2
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Outstanding Development Opportunity

Located at the heart of Toowoomba's bustling cityscape, the combined properties of 114 and 116 Russell Street present an exceptional investment opportunity for discerning property developers. Spanning a generous total land area of 2,994sqm*, this prime parcel of land boasts a commanding 50m* frontage along Russell Street, a premier thoroughfare that serves as a gateway to the central business district. Its strategic proximity within walking distance to the CBD ensures unparalleled convenience and accessibility.
One of the standout features of this property is its dual street access, with frontage not only to Russell Street but also to Baty Lane. This rare attribute not only enhances accessibility but also offers versatile design possibilities for potential developments. Zoned as Principal Centre, the land parcel provides an extensive array of development options, making it an ideal canvas for realising visionary architectural concepts.
The property's proximity to transport hubs ensures seamless connectivity, facilitating effortless commutes for employees and patrons alike. With transport options right at its doorstep, including public transportation routes and a major thoroughfare, the location enhances the appeal and viability of any prospective development. 114 and 116 Russell Street present a unique and lucrative investment opportunity, poised to become a landmark development that not only contributes to Toowoomba's urban landscape but also promises substantial returns for savvy investors.
* Approximately

Property Details for 114-116 Russell St, Toowoomba City

Building Type
Commercial
Floor Size
720m2
Land Size
2994m2

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About Toowoomba City 4350

The size of Toowoomba City is approximately 2.7 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Toowoomba City in 2011 was 2,200 people. By 2016 the population was 2,093 showing a population decline of 4.9% in the area during that time. The predominant age group in Toowoomba City is 20-29 years. Households in Toowoomba City are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Toowoomba City work in a professional occupation. In 2011, 35.7% of the homes in Toowoomba City were owner-occupied compared with 34.4% in 2016.

Toowoomba City has 2,365 properties. Over the last 5 years, Houses in Toowoomba City have seen a 86.79% increase in median value, while Units have seen a 73.96% increase. As at 30 November 2024:

  • The median value for Houses in Toowoomba City is $628,508 while the median value for Units is $432,127.
  • Houses have a median rent of $490 while Units have a median rent of $350.
There are currently 26 properties listed for sale, and 117 properties listed for rent in Toowoomba city on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Toowoomba city.

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