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64-68 Neil Street
Toowoomba City QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 4707m2
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Strategic CBD Development Opportunity in Toowoomba - Prime Site Amidst Regional Growth

Discover an exceptional investment and development prospect at 64-68 Neil Street, Toowoomba. This strategic CBD site, spanning 4,707sqm* with Principal Centre zoning, offers an expansive range of development opportunities, from high-rise apartments and hotels to mixed-use commercial projects. The property not only provides the potential for substantial long-term returns but also generates holding income, making it an ideal choice for developers. Located in a vibrant regional centre with significant infrastructure growth, this site is perfectly positioned to capitalise on Toowoomba's ongoing prosperity. Make a confident investment decision and take advantage of the opportunity to design and develop in a location that blends commercial success with community growth.
• Four street frontage offering exceptional exposure and access
• Prime location near Town Hall, Empire Theatre, Eat Street and Grand Central
• Zoning allows for up to 12 storeys^ of development, including motels, apartments and offices
• Proximity to Annand Street council car parks for convenient parking solutions
• Level block of land optimising development potential
• Existing building credits and Toowoomba Regional Council incentives available
• Potential for substantial holding income with the opportunity to increase rental returns
• Option to subdivide into two distinct blocks for flexible development plans
• Engage with local professionals for design and development expertise
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Property Details for 64-68 Neil St, Toowoomba City

Building Type
Commercial
Floor Size
1m2
Land Size
4707m2

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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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