19-21 Prescott StreetToowoomba City QLD 4350
Property Details for 19-21 Prescott St, Toowoomba City
Last Listing description (April 2024)
Nestled in Toowoomba's vibrant CBD, 19-21 Prescott Street stands as a premier destination for a diverse array of businesses. Boasting a total site area of 1471 sqm spread across two lots, this property offers ample space to thrive.
Comprising of an approx. 1132 sqm net lettable area, the premises features a modern tilt slab construction, embodying quality craftsmanship throughout. The interior showcases a thoughtfully designed layout, blending functionality with sophistication.
The ground floor encompasses approx. 820 sqm of warehouse space, complemented by 115 sqm dedicated to showroom, offices and amenities. Ascend to the mezzanine level, and an additional 197sqm of office space awaits, providing versatility to suit various business needs. While still boasting further opportunity to expand.
Highlighted by the showroom that exudes professionalism, the property also boasts a warehouse with a generous 6m clearance, ensuring ample space for storage and operations. Dual 4.5m roller door access facilitates seamless movement, enhancing efficiency for occupants. Convenience is also paramount, with 13 onsite carparks offering hassle-free accessibility for tenants and visitors alike.
Upstairs features separate amenities, office spaces, and a boardroom, which can offer several benefits. It provides privacy and convenience for meetings and work-related activities. Having these facilities upstairs can enhance productivity and efficiency within the workplace. There is also the possibility of these spaces being let separately if required further utilizing the space.
Currently the full site is leased to long term tenant Actrol, a prominent figure in Australia's refrigeration and air conditioning industry. Actrol have been leasing the site since 2016, and have recently exercised an option until 2028 they have an additional two 5 year options available. The current lease yields $142,424.73 + GST and Outgoings, with annual CPI Increases and Market Reviews at exercise of options. These figures mean the property presents a lucrative opportunity for investors seeking stability and growth.
Features Include:
- 13 Onsite Carparks
- Suitable for a Variety of Businesses
- Dual 4.5m Roller Doors
- Mezzanine Offices
- 6m Roof Clearance
- Amenities on ground and mezzanine floors
To arrange an inspection or learn more, please contact Leon Carlile on 0418 795 484 or Alice Ridgway on 0488 085 880.
Property History for 19-21 Prescott St, Toowoomba City, QLD 4350
- 30 Apr 2024Sold for $2,550,000
- 21 Feb 2024Listed for Sale Offers Over $2,500,000
- 29 Oct 2015Listed for Rent $10,000 / year
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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 2,353 properties. Over the last 5 years, Houses in Toowoomba City have seen a 69.70% increase in median value, while Units have seen a 42.39% increase. As at 31 July 2024:
- The median value for Houses in Toowoomba City is $572,970 while the median value for Units is $418,284.
- Houses have a median rent of $490 while Units have a median rent of $350.
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