FOR SALE
$1,745,000 plus GST if applicable

416-422 Ruthven Street
Toowoomba City QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 841m2
Land area: 893m2
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Toowoomba CBD Opportunity with Upside Potential

LJ Hooker Commercial Toowoomba are pleased to present to the market 416-422 Ruthven Street Toowoomba City. Located within Toowoomba's CBD, adjacent to the People First Bank (formerly Heritage Bank) building, the property offers a prominent holding within the tightly held CBD market.
The property is ideal for the investor looking for upside potential, developers looking for a large holding within the city centre or owner occupiers looking for a property with additional income.
Features:
- 893sqm* site across five lots
- 810sqm* net lettable area currently configured as three tenancies across two levels
- Rear access from Chronicle Lane providing access to eight on-site car spaces
- Zoned Principal Centre with development opportunity to 10 storeys
- Refurbishments including new shop fronts, common bathrooms and office fitout completed in 2013
For more information contact Justin Eastwell of LJ Hooker Commercial Toowoomba.
* Approx.

Property Details for 416-422 Ruthven St, Toowoomba City

Building Type
Commercial
Floor Size
841m2
Land Size
893m2

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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.

Suburb Insights for Toowoomba City 4350

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Justin Eastwell
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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.