 Asset Class: | Show Room |
 Price: | $ 2850000 |
 Net Yield: | 6.70 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This high-exposure commercial asset offers a secure, long-term investment underpinned by a government-backed tenant on a 7-year lease to March 2029, with two further 7-year options extending to 2043. The 1,895m² dual-title site occupies a prominent corner location on Toowoomba’s main CBD arterial, Ruthven Street—directly opposite Bunnings and adjacent to Mitre 10—ensuring exceptional visibility and ongoing demand. Improvements include 306m² of well-utilised office, warehouse, and storage space, supported by a dedicated 477m² bitumen hardstand/car park. With Mixed Use zoning and development potential up to four storeys (STCA), the property offers strong scope for future intensification, redevelopment, or staged divestment all whilst producing a strong 6.7% net yield. Located in a fast-growing regional economy with a thriving service sector, this low-maintenance asset combines secure income, strategic positioning, and long-term value-add potential.
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Is this property strata titled?
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How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<span style="color:rgb(51, 51, 51);">A Class Location - Highlights:</span><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Population: 184,000 people</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Next door to Mitre 10</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Across the road from Bunnings and OzCar</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">1km to the CBD which holds the Grand Central Shopping Centre, JB Hi-FI, Coles, Kmart, Woolworths, Big W, Chemist Warehouse, etc</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Circa $15 Billion in Gross Regional Product</span></p></li></ul><br><br><br><span style="color:rgb(51, 51, 51);"><b>TOOWOOMBA ‘THE GARDEN CITY’</b></span><br><br>Toowoomba, also known as the 'Garden City', is a major regional centre located just 127kms or 90 minutes west of Brisbane. Often considered the capital of the 'Darling Downs' region, it is the logistics gateway to the resource-rich Surat Basin Energy Precinct. <br><br>The Toowoomba region is quickly becoming an economic powerhouse. As of June 30, 2023, the Toowoomba region generated $14.76 billion in Gross Regional Product (GRP), with mining generating $3,081 million. This represented 3.17% of the Queensland economy, making it the third largest regional city economy in Queensland. <br><br>Toowoomba has a population of approximately 181,821 with expectations of a 17.4% growth over the next 15 years. The city's appeal is magnified by the many lifestyle benefits it offers and its housing affordability with a median house price of $574,000. <br><br>With more than 250 parks and gardens, a vast selection of public and private schools, over 17,000 local business and the awardwinning Carnival of Flowers, Toowoomba is a city on the move that attracts over 3 million visitors each year.<br><br>The Toowoomba and the Surat Basin region is experiencing an influx of major infrastructure developments totalling more than $18.8 billion. Construction has begun on the new $1.3 billion Toowoomba Hospital at the Baillie Henderson campus, while the Wellcamp Aerospace and Defence Precinct will become host to Boeing's first military aircraft assembly facility outside of America. Furthermore, the Toowoomba Trade Gateway, which is 2,000 hectares of industrial land at the western outskirts of Toowoomba, is set to become the transport and logistics hub of Queensland and Australia. <br><br>Toowoomba's real estate market is also dynamic, catering to a range of preferences. A diverse offering of industrial distribution hubs, business centres, retail outlets and development opportunities highlights Toowoomba's thriving commercial marketplace for investors, also evidenced by the region's highest number of local jobs in more than 20 years. <br><br>Toowoomba presents a strong investment proposition, backed by robust economic indicators, strategic planning, and a clear vision for the future. It is a city that promises not only growth and opportunity but also a commitment to creating a sustainable and prosperous community.<br><br><br><b>Trade Gateway:</b><br><br>On the western outskirts of Toowoomba amidst rich agricultural landscapes lies a beacon of economic opportunity - the Toowoomba Trade Gateway.<br><br>The Toowoomba Trade Gateway presents an unparalleled development opportunity for large-scale industrial occupiers, offering premium land with direct connectivity to major highways, Wellcamp Airport and the planned InterLinkSQ rail. <br><br>The approximately 2,000 hectares of fully serviced land parcels are ideal for distribution, transportation, agriculture, warehousing, food processing and a range of industrial and logistical opportunities. <br><br>Here, businesses find themselves at the nexus of connectivity, with seamless access to major transportation arteries. It's not just a location; it's a logistical masterpiece, poised to revolutionise the way commerce flows through our region.<br><br>The revenue generated from the gateway will boost the local economy considerably and make Toowoomba a major contender for national and international investment. Toowoomba presents a strong investment proposition, backed by robust economic indicators, strategic planning and a clear vision for the future
Additional Location Information File<b>Community Access Care:</b><br><br>Community Access Care Toowoomba is a reputable service provider offering tailored support for individuals with disabilities under the National Disability Insurance Scheme (NDIS). <br><br>Established to empower people with disabilities to live more independently and engage in their communities, they provide a variety of services, including assistance with daily living, social and community participation, transport assistance, and therapeutic support. Their focus is on delivering personalised care that supports clients in achieving their goals and enhancing their quality of life. <br><br>As an NDIS-registered provider, Community Access Care maintains strong ties to the local Toowoomba community, ensuring reliable and compassionate service delivery. The tenant’s financial stability is supported by consistent NDIS funding, ensuring a dependable source of income for their operations. The organisation is committed to long-term engagement with the community, making them a stable and reliable tenant for any property.
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Outgoings are paid by the tenant excluding land tax and property management fees. Both have been factored into the return on this property, producing $190,950 net rent.
Additional Financial Information FileInitial Term:
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Rental Comparisons: Subject Property: 256-260 Ruthven Street Toowoomba - 852sqm - $225/sqm G/11 Keefe Street, Toowoomba - 121sqm - $300/sqm 8/124 Maragret Street, Toowoomba - 37sqm - $350/sqm - Office only comparable 12A Evelyn Street, Toowoomba (across the road from subject property) - 313sqm - $150/sqm (No hardstand included) Due to the potential and position of what this property offers it is hard to find strong comparables. We know offices rent for over $300/sqm and warehouses rent for $150/sqm. Using good judgement, we believe the rent is set correctly at market rent. Along with market opinions, government backed tenants never pay above market rates for rent. Valuation will also cross check other rents for the client.
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Asking Price: $3,020,000<br>Negotiated Price:$2,850,000<br>Net Yield: 6.7%<br>Value Add: Large land holding on corner block with allowance of building height of 4 stories (STCA) plus very low site coverage (19.8%)<br><br><br><b>Investment Fundamentals</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>7-year lease </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">in place to </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>March 2029 </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">with 2 x 7-year options to 2043 with built in 3% increases</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Dual-title holding </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">with a combined</span><span style="color:rgb(51, 51, 51);font-style:normal;"><b> 1,895m² site.</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Strong lease covenant with a </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>government-backed tenant </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">sector</span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>.</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Positioned on</span><span style="color:rgb(51, 51, 51);font-style:normal;"><b> high-exposure </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Ruthven Street, a major CBD arterial.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Fringe </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>CBD location </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">offers strong tenant retention and accessibility.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Positioned across the road from </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Bunnings </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">and next door to</span><span style="color:rgb(51, 51, 51);font-style:normal;"><b> Mitre 10</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Low-maintenance</b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;"> asset with functional improvements and well-utilised space.</span></p></li></ul><br><br><br><b>Property Features</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Total office and warehouse area of 306m² across both buildings.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Dedicated 477m² bitumen car park, fully servicing the tenancy.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Functional breakdown includes office, warehouse, storage, and undercover areas.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Flexible Mixed Use zoning within the Railyards Precinct.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">High-visibility corner site on Toowoomba’s major thoroughfare.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Good site access with multiple entry points and on-site car parking.</span></p></li></ul><br><br><br><b>Strategic Value-Add Potential</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Zoned for development up to 4 storeys (STCA), enabling future intensification.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Potential for site consolidation, extension, or redevelopment over the medium term.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Dual titles offer divestment flexibility or staged development options.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Positioned within an evolving precinct set for urban renewal and infrastructure upgrades.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Located in one of Queensland’s strongest regional economies, backed by population and service sector growth.</span></p></li></ul>
