 Asset Class: | Office |
 Price: | $ 3000000 |
 Net Yield: | 7.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p class="mb-4">On offer is an investment opportunity in Toowoomba's thriving commercial landscape. Located on the southern fringe of the Toowoomba CBD, 48-50 Water Street and 37 Wylie Street offer a combined 1,518m² of mixed-use land across 3 individual titles with dual street frontage, providing excellent access to the city centre and key arterial roads.<br><br>With a total land area of 1,518m² spread across three individual titles (each 506m²) and a gross floor area of 826m², this property presents versatile options for investors seeking exposure to Toowoomba's growing commercial market. This property has a total NLA of 826m2*, comprising comprising 305m² of premium office space, complemented by 153m² of warehouse and mezzanine area. Meanwhile, 37 Wylie Street offers an additional 349m² of space, including a ground-floor office/warehouse and a first-floor residential apartment. There are also 14 onsite carparks, including 3 undercover.</p><p class="mb-4">As Toowoomba continues to experience significant growth, driven by expanding infrastructure and a booming local economy, this property is uniquely positioned to capitalise on the city's upward trajectory. The mixed-use zoning in the West Creek Precinct allows for a combination of residential, commercial, and light industrial uses, fostering economic growth and encouraging a flexible approach to land use. With Toowoomba's population projected to reach 211,000+ by 2040 and the region experiencing 4.3% economic growth per year over the last decade, this investment opportunity stands out in one of Queensland's most dynamic regional markets.</p>
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<p>Situated 125km west of Brisbane on the edge of the Great Dividing Range at approximately 800m above sea level, Toowoomba stands as one of Australia's largest inland cities with a rapidly growing population currently exceeding 181,000 residents. As Queensland's sixth largest region by population, Toowoomba serves as the western gateway to the $280 billion south-east Queensland economy.</p> <p>The region boasts a robust economic profile with a Gross Regional Product of $11.63 billion and provides employment for over 93,000 people across 17,390 businesses. Toowoomba's economy has demonstrated consistent growth, with the GRP expanding by 5.5% year-on-year.</p> <p>The property is strategically positioned in the West Creek Precinct, a key feature of the Mixed-Use Zone that plays a pivotal role in Toowoomba's urban and economic development. Located near the central business district, this precinct aligns with the planning scheme's goal of revitalising urban areas while preserving natural features.</p> <p>Major infrastructure development is transforming the region, with $20.7 billion in development spend representing a 10.1% increase on 2022 figures. Key projects include the $1.3B Toowoomba Hospital, $175M AATIUS Industrial Park, and $280M Interlink SQ Rail Freight Terminal, further cementing Toowoomba as a growth hub with exceptional investment potential.</p>
Additional Location Information File<p><strong>Alliance Building & Construction</strong> is a professional construction company based in Toowoomba, Queensland. Established as an industry leader in the region, Alliance specializes in commercial construction projects throughout Toowoomba and surrounding areas.</p> <p>The company delivers comprehensive building services including commercial construction, professional project management, and specialized building solutions. With years of industry experience, Alliance has built a reputation for quality workmanship and reliable service delivery in Queensland's construction sector.</p>
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<p class="mb-4">The property features a calculated outgoings budget of <strong>$33,838.47 per annum</strong>, covering essential operational costs including:</p><ul class="bullet-list"><li><p class="mb-4">Municipal Rates: $16,812.87</p></li><li><p class="mb-4">Insurance: $7,827.47</p></li><li><p class="mb-4">Management: $4,000.00</p></li><li><p class="mb-4">Water Rates: $2,108.13</p></li><li><p class="mb-4">Garden Maintenance: $1,200.00</p></li><li><p class="mb-4">Rubbish Removal: $1,500.00</p></li><li><p class="mb-4">Additional services including pest control and fire protection</p><p class="mb-4"></p></li></ul><p class="mb-4"></p>
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<p class="mb-4"><strong>48-50 Water Street, Toowoomba - 800m2 - $360/m2</strong></p>
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<ul> <li>Prime southern fringe CBD location with excellent accessibility to city centre</li> <li>Substantial 1,518m² land holding across three individual titles</li> <li>Versatile mixed-use zoning allowing flexible development options</li> <li>Dual street frontage providing multiple access points</li> <li>Newly refurbished premium office space with contemporary finishes</li> <li>Combined total of 807m² of building area including office, warehouse and residential</li> <li>Ample parking with 14+ onsite spaces including 3 undercover</li> <li>Multiple income potential through various tenancy configurations</li> <li>Located in Toowoomba's strategic West Creek Precinct development area</li> <li>Positioned to benefit from Toowoomba's strong 4.3% annual economic growth</li> <li>Within proximity to Grand Central Shopping Centre and local amenities</li> <li>Opportunity to secure a foothold in Queensland's sixth largest regional economy</li></ul>
