135B Russell StreetToowoomba City QLD 4350
Property Details for 135b Russell St, Toowoomba City
135b Russell St, Toowoomba City is a 0 bedroom, 0 bathroom House with 2 parking spaces. The property has a land size of 628m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (October 2021)
Colliers International Toowoomba is proud to present a unique opportunity to purchase a high yielding accommodation business and freehold, with further value add opportunities available!
The long established 'Mica Lodge' in Russell Street, is a well-known short & long stay accommodation facility, located on the fringe of the thriving and expanding Toowoomba CBD. Operating in excess of 30 years, this registered and fully compliant guest house, provides budget friendly accommodation in a convenient and central location.
Features Include:
The current guest house offers 14 accommodation rooms, a manager's office, shared kitchen facilities, multiple bathrooms and common area.
Zoned Low Medium Density Residential and falling under the Office Residential Precinct, this site provides the perfect opportunity to develop into a residential or commercial office use (STCA).
Providing the astute investor a $100,000 + gross turnover per annum, this opportunity will be well suited to a semi retired investor, SMSF purchaser or complimentary business seeking a favorable investment return from a low maintenance business operation.
Inspections are strictly to be arranged with the marketing agents from Colliers International Toowoomba.
Accelerating Success.
For more information or to complete a confidentiality agreement, please contact Rebecca Steinmuller or Dan Dwan of Colliers International Toowoomba.
IMPORTANT:
We are still conducting property inspections for perspective tenants & Buyers; however, they will be limited to 'private' inspections with only 2 people present for the safety of our staff & the public.
Please call or email the marketing agent to arrange a private inspection time.
Our commitment to client service will remain unchanged. Our people remain accessible and ready to assist you with any challenges that COVID-19 presents.
*Approx.
Property History for 135b Russell St, Toowoomba City, QLD 4350
- 28 Sep 2021Sold for $665,000
- 04 Jul 2019Listed for Sale Not Disclosed
- 21 Sep 2017Listed for Sale Interest Above $699,000
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0About 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 2,354 properties. Over the last 5 years, Houses in Toowoomba City have seen a 77.11% increase in median value, while Units have seen a 72.57% increase. As at 31 October 2024:
- The median value for Houses in Toowoomba City is $602,314 while the median value for Units is $461,135.
- Houses have a median rent of $493 while Units have a median rent of $350.
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