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6 Royal Street
Toowoomba City QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 939m2
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DA Approved Residential Site in South East Qld

LJ Hooker Commercial Toowoomba presents 6 Royal Street Toowoomba to the market, an exciting opportunity to secure a DA approved residential site within Toowoomba's Priority Development Area.
This 939m2 site benefits from its elevated position within Toowoomba's CBD with views over the proposed Toowoomba Railway Parkland; a three level of government supported project which has recently received $25 million in funding to explore options for the regeneration of the Toowoomba Railway Parklands Priority Development Area.
Key details of the opportunity include:
+ DA approved for a seven-level residential complex comprising of 9 x 2br units, 5 x 3br units and basement parking.
+ Toowoomba Regional Council are currently offering up to $1 million in infrastructure credits per project providing potential cost savings to eligible projects.
+ 939m2 site on two lots with three street frontage to Royal Street, Snell Street and Brown Lane.
+ Elevated position providing views over proposed parklands and CBD.
+ 2 min walk to cafes, restaurants and North State Primary School and 5 min to major shopping centre and business centre.
+ Land constrained market and under supply of apartments and medium density housing to meet current population growth.
+ Opportunity for build to rent or social housing with Toowoomba's vacancy rate consistently under 1.0%.
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Property Details for 6 Royal St, Toowoomba City

Building Type
Commercial
Floor Size
100m2
Land Size
939m2

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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 2,353 properties. Over the last 5 years, Houses in Toowoomba City have seen a 69.70% increase in median value, while Units have seen a 42.39% increase. As at 31 July 2024:

  • The median value for Houses in Toowoomba City is $572,970 while the median value for Units is $418,284.
  • Houses have a median rent of $490 while Units have a median rent of $350.
There are currently 25 properties listed for sale, and 113 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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Christopher Stewart
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LJ Hooker Commercial Toowoomba
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