SOLD
Sold on 12 Jul 2024 for $880,000

182-184 Herries Street
Toowoomba City QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 1071m2
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Property Details for 182-184 Herries St, Toowoomba City

Building Type
Commercial
Land Size
1071m2
Local Government
Toowoomba Regional
Lot/Plan
2/RP16222

Last Listing description (November 2023)

Colliers Toowoomba proudly present 182-184 Herries Street, Toowoomba City.

Situated on a corner allotment that connects Herries Street and Prescott Street, 182-184 Herries Street in Toowoomba City holds a prime location within a retail and light industrial precinct. This property offers convenient access and great visibility for both tenants and owner-occupiers. Located within close proximity to Grand Central Shopping Centre and the CBD, the property presents numerous development possibilities for retail, office, showroom or residential opportunities (subject to council approval).

At a Glance:
- Prime 1,071m* corner block zoned 'Mixed Use' within the West Creek Precinct
- Short term lease to Secure Parking providing holding income
- Existing improvements include 175m* high clearance warehouse with plenty of hardstand or parking
- Excellent exposure with 2 street frontages to Herries and Prescott Streets
- CBD fringe location in a thriving commercial precinct with 6-storey height potential
- Surrounding reputable businesses including Repco, Clark Rubber, Solomons Flooring and Wippells Auto
- Walking distance to Grand Central Shopping Centre

For more information or to arrange an inspection, please contact Gillian Ross or Dan Dwan of Colliers Toowoomba.

*Approx.

Property History for 182-184 Herries St, Toowoomba City, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$880,000
12 Jul 2024
Listed for Rent
$1.60M/w
12 Jul 2023
  • 12 Jul 2024
    Sold for $880,000
  • 23 May 2023
    Listed for Sale Expressions of Interest
  • 16 Jan 2023
    Listed for Sale Please Call
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About 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 2,372 properties. Over the last 5 years, Houses in Toowoomba City have seen a 92.76% increase in median value, while Units have seen a 86.22% increase. As at 28 February 2025:

  • The median value for Houses in Toowoomba City is $641,814 while the median value for Units is $474,113.
  • Houses have a median rent of $490 while Units have a median rent of $360.
There are currently 32 properties listed for sale, and 114 properties listed for rent in Toowoomba city on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Toowoomba city.

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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 liability for any loss or damage arising in connection with the data and information contained in this publication.