 Asset Class: | Office |
 Price: | $ 555555 |
 Net Yield: | 4.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>LJ Hooker Commercial Toowoomba proudly presents Suite 6 at 'Capital Place', a premium office investment opportunity in the heart of Toowoomba's CBD fringe. This 171m² A-grade office space offers investors a secure income stream with exceptional growth potential.</p> <p>The property features a brand new 5-year lease to Viden Advisory Group, a respected financial services provider with multiple offices across southeast Queensland. Having exercised their lease renewal option in October 2022, the tenant demonstrates strong commitment to the location, providing investors with income security and potential for long-term returns.</p> <p>Suite 6 boasts modern office amenities including abundant natural light through floor-to-ceiling windows, a generous 32m² external terrace, and excellent accessibility via lift from both ground and basement levels. The property includes five secure basement car spaces and an exclusive 6m² storage area, enhancing its appeal to quality tenants.</p> <p>Strategically positioned on Hume Street, a major arterial road with exposure to over 90,000 vehicle movements weekly, this property benefits from unmatched visibility and convenience. The location in Toowoomba's high-growth CBD fringe corridor places it just minutes from the Hooper Centre and surrounded by reputable national and local businesses.</p> <p>With a current net income of $64,865.08 per annum plus GST, this strata-titled investment represents an exceptional entry-level opportunity in Toowoomba's thriving commercial property market. The region's impressive economic growth of 4.3% annually over the past decade, coupled with $20.7 billion in development projects underway, creates a solid foundation for long-term investment performance.</p>
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<p>Located approximately 125km west of Brisbane, Toowoomba sits at 800m above sea level on the edge of the Great Dividing Range. As one of Australia's largest inland cities, Toowoomba boasts a growing population of over 181,000 residents, projected to reach 211,000+ by 2040.</p> <p>The region serves as the western gateway to southeast Queensland's $286 billion economy, generating a <strong>Gross Regional Product of $11.63 billion</strong> with over 93,000 local jobs. Toowoomba's economic growth has been impressive at <strong>4.3% per year over the last decade</strong>, creating a solid foundation for commercial property investment.</p> <p>The Hume Street precinct, where Capital Place is located, forms part of Toowoomba's CBD fringe - a priority development area for the Toowoomba Regional Council. This area has been earmarked for multiple mixed-use high-rise developments to address housing needs and promote inner-city living. The precinct is home to numerous reputable businesses including Toowoomba Strata, Your Turn Youth Support, AVIS, and Centrelink.</p> <p>With substantial development underway totaling $20.7 billion (a 10.2% increase from 2022), Toowoomba offers excellent investment growth potential with strong economic fundamentals supporting commercial property values.</p>
Additional Location Information File<p>Suite 6 is leased to <strong>Viden Group Pty Ltd</strong>, a growing financial services firm offering turnkey solutions for financial planning, accounting and advisory needs. With five offices across southeast Queensland, Viden is positioned at the forefront of new age advisory services.</p> <p>The current lease commenced on <strong>1 October 2022</strong> with a 5-year term and includes <strong>two 5-year options</strong>, demonstrating the tenant's long-term commitment to the location. Having already exercised their initial renewal option, Viden has operated from this location since 2017 (approximately 7 years).</p> <p>The lease includes five exclusive on-site car spaces (included in the base rental) and the rent is subject to 3.0% or CPI reviews (whichever is greater). This established tenant provides security of income with potential for up to 10 years of tenancy when including the remaining option period.</p>
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<p>The property generates a <strong>gross income of $87,085.08 per annum</strong> with recoverable outgoings of $22,220.00 per annum, resulting in a <strong>net income of $64,865.08 per annum</strong> plus GST.</p> <p>Current outgoings include:</p> <ul> <li>General Rates: $3,250.00</li> <li>Water Rates: $880.00</li> <li>Strata Levies: $14,800.00</li> <li>Management Fees: $3,290.00</li> </ul> <p>The lease includes provisions for rent reviews at 3.0% or CPI (whichever is greater), providing built-in income growth throughout the lease term.</p>
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<p class="mb-4">This is a rental compairosn</p>
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<ul><li>Premium A-grade office space with 171m² of contemporary interior</li><li>Secure 5-year lease to established financial services tenant with strong covenant</li><li>Current net income of $64,865.08 per annum plus GST</li><li>Prime position on high-traffic Hume Street with exposure to 90,000+ vehicles weekly</li><li>Includes five secure basement car spaces and exclusive 6m² storage</li><li>Attractive 32m² external terrace enhancing office amenity</li><li>Full disability compliance with lift access from ground and basement levels</li><li>Located in Toowoomba's priority development CBD fringe area</li><li>Just minutes from Hooper Centre and surrounded by national businesses</li><li>Strata-titled investment with manageable outgoings</li><li>Perfect entry-level commercial property investment</li><li>Positioned in a region with 4.3% annual economic growth and $20.7B in development</li></ul>
