SOLD
Sold on 24 Jul 2024 for $2,265,000

143 West Street
Newtown QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1685m2
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Property Details for 143 West St, Newtown

Building Type
Commercial
Land Size
1685m2
Local Government
Toowoomba Regional
Lot/Plan
248/SP126713

Last Listing description (December 2024)

LJ Hooker Commercial Toowoomba & South West are pleased to present to the market this outstanding investment opportunity located in one Australia's strongest economic regions. Operating since 1989, Herriott House is now a wholly owned subsidiary of Australian & New Zealand vet services provider, VetPartners.

- Leased to subsidiary of VetPartners which has recently been acquired by global investment fund EQT

- 5 year lease to October 2027 with 2 x 5 year options
- Tenant to pay all usual outgoings including management fees and land tax
- CPI Annual reviews
- Nett Income of $119,953 per annum plus GST
- Prominent 1,685sqm corner location opposite one of Toowoomba's famous gardens, Laurel Bank Park
- Toowoomba is Australia second largest inland city located 125km west of Brisbane with estimated population of 181,821 and broader regional catchment of nearly 500,000

For further information contact the exclusive agents, Justin Eastwell of LJ Hooker Commercial Toowoomba & South West.

Property History for 143 West St, Newtown, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$2,265,000
24 Jul 2024
  • 24 Jul 2024
    Sold for $2,265,000
  • 07 Jun 2024
    Listed for Sale Under Contract
  • 09 Sep 1988
    Sold for $88,000

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About Newtown 4350

The size of Newtown is approximately 5.5 square kilometres. It has 15 parks covering nearly 15.4% of total area. The population of Newtown in 2011 was 9,564 people. By 2016 the population was 9,587 showing a population growth of 0.2% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newtown work in a trades occupation. In 2011, 55.1% of the homes in Newtown were owner-occupied compared with 52.3% in 2016.

Newtown has 5,385 properties. Over the last 5 years, Houses in Newtown have seen a 94.34% increase in median value, while Units have seen a 94.66% increase. As at 30 November 2024:

  • The median value for Houses in Newtown is $580,068 while the median value for Units is $433,005.
  • Houses have a median rent of $480 while Units have a median rent of $390.
There are currently 29 properties listed for sale, and 21 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 310 properties were sold in the past 12 months in Newtown.

Suburb Insights for Newtown 4350

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Contact agent
Justin Eastwell
Show contact details
LJ Hooker Commercial Toowoomba
Preferred contact:
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.