Freehold property in Toowoomba’s CBD.
This excellent investment opportunity features a 6-year lease with an ASX-listed tenant, Cash Converters, offering exposure at one of the city’s busiest intersections with 36,900 vehicles passing daily. With over 150 stores across Australia and over 600 stores worldwide. This store has been here for over 10 years and is run by a 36-store Cash Converters operator who recently extended for 6 years with further options to 2038, plus solid 4% fixed increases. With 620m2 of NLA and a 7-bay on-site parking lot, this low-maintenance asset is strategically located within 1.5km of Grand Central Shopping Centre, Toowoomba Hospital, and Toowoomba Grammar School.
report, bank fees)
Purchasing Costs
Key Highlights
• High profile Toowoomba CBD freehold asset
• ASX-listed leasing covenant (150+ stores across Australia)
• Experienced franchisee – 36 stores across Australia
• Zoned: Mixed Use
• Extended 6-year triple net lease
• Land: 808m2*
• NLA: 620m2*
• Recently extended 6-year net lease to 2029
• 2 x 5-year options to 2039
• Fixed 4% rental increases
• 7- bay onsite parking lot
• Low maintenance building & tenancy
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
