FOR SALE
EOI CLOSING EARLY 3rd OCT 2024 at 4pm

34 Neil Street
Toowoomba City QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 389m2
Land area: 405m2
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High Profile CBD Investment Opportunity with Development Potential

L J Hooker Commercial are pleased to present to the sale market 34 Neil Street, Toowoomba City via Expression of Interest now closing 3rd October 2024.
Offering the eventual purchaser endless potential with a passive income and the option to invest, redevelop (STCA) or future occupy!
Features Include:
389m of Net Lettable Area (NLA)* across two established tenancies
Ability to subdivide to 5 individual tenancies
Land area of 405m*, zoned Principal Centre
Net passing income of $34,339 per annum* with the capability for significant growth
Established trading history with long-standing tenants: Boss Creations Hair Salon and E Attar Middle Eastern Grill
Convenient location within walking distance to the CBD and ample off-street parking
Tenancy 1: 24m* retail space, currently operating as a hair salon, offering a neat and tidy layout
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Property Details for 34 Neil St, Toowoomba City

Building Type
Commercial
Floor Size
389m2
Land Size
405m2

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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 2,361 properties. Over the last 5 years, Houses in Toowoomba City have seen a 77.09% increase in median value, while Units have seen a 55.12% increase. As at 30 September 2024:

  • The median value for Houses in Toowoomba City is $591,936 while the median value for Units is $440,768.
  • Houses have a median rent of $490 while Units have a median rent of $350.
There are currently 26 properties listed for sale, and 119 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.

Suburb Insights for Toowoomba City 4350

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Christopher Stewart
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LJ Hooker Commercial Toowoomba
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.