Exceptional Investment Opportunity with Room for Growth

INSPECTIONS

Office

Contact Agent

Description

This premium two-level commercial property offers a remarkable investment prospect, currently delivering a 5.1% net yield with ONLY the ground floor tenanted.

The ground floor tenancy (1,026m²) has been leased since 2013 by a long-term tenant who exercised their 5-year renewal option in 2018 and added two additional 5-year options, extending the lease until at least 2028 and potentially until. With annual CPI rental increases, this provides a secure income stream with a potential 9-year investment horizon starting from 2025.

 

Strategically located at the high-profile corner of Ruthven and Russell Streets in Toowoomba’s CBD, the property offers an exciting upside. The first floor (713m²), which features separate access points from the front and side, as well as extensive amenities, is currently vacant. This space presents a significant value-add opportunity to boost the property’s already strong yield.

 

Leasing the first floor could substantially enhance the current return, making this property a compelling choice for investors seeking strong returns with room for growth.

 

Key Highlights:
• Prime CBD location with excellent visibility.
• Long-term ground floor tenant with stable income.
• Vacant first-floor space offering additional leasing potential.
• Annual CPI rental increases and tenant-paid outgoings.

 

If you’re looking for a solid investment with secure returns and the potential to maximize profitability, 368 Ruthven Street is must-see.

 

Disclaimer: Despite all efforts made to ensure the precision of the information presented, neither the vendor nor the agent offers any warranty regarding the accuracy of the details. Interested parties are advised not to solely rely on the content contained herein as representations of fact. It is recommended to undertake independent verification before making any decisions based on the information provided.

Features

Floor Plan

Contact Agent

What can we help you with?

Contact us