3 Raff StreetNorth Toowoomba QLD 4350
Property Details for 3 Raff St, North Toowoomba
Last Listing description (October 2024)
Colliers Toowoomba is excited to exclusively present this outstanding investment opportunity to the market for sale via Expressions of Interest closing April 9th 2024 at 4pm.
Being the first time offered to the market in over 18 years, this impressive asset is located on the northern fringe of Toowoomba's CBD with direct access to the New England Highway & offers a quality fit out with a diverse mix of tenants!
Featuring:
two residential tenancies
- Commercial net income of $131,527 per annum + GST
- Commercial tenants pay 100% of outgoings with fixed 3% annual rent increases
- Residential net income: $19,171.91 per annum
- 2,307m2* Total site area over 2 x titles with favourable "Mixed Use" zoning
- 1,452m2* Total building area, over 4 separate tenancies
- Ample on site carparking/warehouse with electric roller door access & 3 phase power
- PWD compliant access & amenities
- Future development potential to build to 3 storeys under current planning scheme**
- Inspections strictly by appointment only (24hrs notice required)
Rarely do such significant & strategic assets come to the market - don't miss your opportunity to secure this facility in one of the fastest growing regions in Australia!
Accelerating success. For more information or to arrange an inspection, please contact the exclusive marketing agents Mike Turley or Mitch Willis of Colliers Toowoomba.
*Approx
**STCA
Property History for 3 Raff St, North Toowoomba, QLD 4350
- 04 Jun 2024Sold for $2,000,000
- 05 Mar 2024Listed for Sale Expressions of Interest
- 06 Jun 2002Sold for $100,000
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0About North Toowoomba 4350
The size of North Toowoomba is approximately 2 square kilometres. It has 3 parks covering nearly 3.7% of total area. The population of North Toowoomba in 2011 was 3,048 people. By 2016 the population was 2,979 showing a population decline of 2.3% in the area during that time. The predominant age group in North Toowoomba is 20-29 years. Households in North Toowoomba are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in North Toowoomba work in a professional occupation. In 2011, 55.9% of the homes in North Toowoomba were owner-occupied compared with 55.3% in 2016.
North Toowoomba has 1,875 properties. Over the last 5 years, Houses in North Toowoomba have seen a 80.68% increase in median value, while Units have seen a 85.16% increase. As at 30 September 2024:
- The median value for Houses in North Toowoomba is $570,228 while the median value for Units is $461,884.
- Houses have a median rent of $480 while Units have a median rent of $375.
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