Built in the late 70's this commercial opportunity with first class exposure, awaits the astute investor. Offering 260sqm of commercial building area under roof and on a 468sqm allotment located central to the CBD on the East-West arterial of James Street South Toowoomba. Tenancy 1 - 235sqm is currently untenanted and now ready after a fresh coat of paint for a multitude of tenants. Flooded with natural light and high ceilings, this property will suit a tenant needing a large display area along with extra storage. There is a kitchen room, and a 'his and hers toilets'. Tenancy 2 - has 25sqm of floor space and is currently leased as a coffee shop with kerb side seating. With a wide drive through at the front of the 2 business entry points this property will suit a business needing drive through customers. There is on-site parking at the front and side of the building along with vehicle access into the building from the front, side and rear. The roof of the building has recently been restored and renovated.
Price Offers Over $545,000
Build 275 sqm
Council Rates: $3,994.49 approx. per half year
Water Rates: $385.34 approx. per half year
The size of South Toowoomba is approximately 3.7 square kilometres. It has 11 parks covering nearly 20.6% of total area. The population of South Toowoomba in 2011 was 5,224 people. By 2016 the population was 5,237 showing a population growth of 0.2% in the area during that time. The predominant age group in South Toowoomba is 20-29 years. Households in South Toowoomba are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Toowoomba work in a professional occupation. In 2011, 54.9% of the homes in South Toowoomba were owner-occupied compared with 51% in 2016.
South Toowoomba has 3,193 properties. Over the last 5 years, Houses in South Toowoomba have seen a 79.41% increase in median value, while Units have seen a 92.39% increase. As at 31 October 2024:
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