162 Hume Street EEast Toowoomba QLD 4350
Property Details for 162 Hume St E, East Toowoomba
Last Listing description (August 2024)
LJ Hooker Commercial Toowoomba are pleased to present an exceptional opportunity to acquire a 100% tenanted freehold investment in one of Australia's fastest growing regions. Underpinned by major tenants including The State of Queensland, GHD and McClean Care; this prominent corner location is located within a highly desirable zoning offering significant holding income with long term development opportunity.
Highlights:
- 2,160* sqm Net Lettable Area across two levels
- 100% leased providing an Estimated Net Income of $721,397* per annum
- WALE of 3.6 years by Income
- Recent Cap Ex including refurbished common areas, air-conditioning
- 72 on-site car parks
- Located opposite Toowoomba Courthouse, Toowoomba Police Station and in the centre of the finance and legal precinct of Toowoomba's CBD
For further information please contact the exclusive agents, Chris Stewart and Justin Eastwell of LJ Hooker Toowoomba.
* Approx.
Property History for 162 Hume St E, East Toowoomba, QLD 4350
- 24 Jul 2024Sold for $8,475,000
- 23 May 2024Listed for Sale Under Contract
- 12 Oct 2023Listed for Sale Offers over $9,000,000
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About East Toowoomba 4350
The size of East Toowoomba is approximately 4 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of East Toowoomba in 2011 was 5,675 people. By 2016 the population was 5,257 showing a population decline of 7.4% in the area during that time. The predominant age group in East Toowoomba is 10-19 years. Households in East Toowoomba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Toowoomba work in a professional occupation. In 2011, 55.5% of the homes in East Toowoomba were owner-occupied compared with 54.7% in 2016.
East Toowoomba has 3,255 properties. Over the last 5 years, Houses in East Toowoomba have seen a 73.87% increase in median value, while Units have seen a 79.50% increase. As at 30 September 2024:
- The median value for Houses in East Toowoomba is $839,603 while the median value for Units is $528,727.
- Houses have a median rent of $540 while Units have a median rent of $380.
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