<p>Strategically located 125km west of Brisbane, Toowoomba sits 800m above sea level on the edge of the Great Dividing Range. As Queensland's 6th largest region by population, this thriving inland city serves as the western gateway to the $26 billion South East Queensland economy.</p> <p>The region boasts <strong>impressive economic credentials</strong> with a Gross Regional Product of $11.63 billion and substantial annual growth of 4.3% over the last decade. Supporting this growth is a robust local workforce of 93,206 people across 17,390 businesses.</p> <p>Toowoomba's economy is undergoing significant transformation with <strong>$20.7 billion in development projects</strong> currently underway, representing a 10.2% increase from 2022 figures. The current population of 181,821 is projected to grow to over 211,000 by 2040, creating sustained demand for commercial space.</p> <p>The property's position on Hume Street offers <strong>exceptional accessibility and visibility</strong>, being one of the only thoroughfares to fully traverse the city from south to north. This strategic location channels high volumes of commuter traffic and provides excellent connectivity to major amenities including the Hooper Centre, Toowoomba Base Hospital, Queens Park, and Toowoomba Grammar School.</p>

<p>Viden Advisory Group occupies the premises under a <strong>secure 5-year lease</strong> that commenced on 1 October 2022, with 2 x 5-year options providing potential tenure of up to 10 years.</p> <p>As an established financial services provider, Viden offers clients comprehensive wealth, tax, and accounting solutions. Their <strong>strong regional presence</strong> includes 5 offices across southeast Queensland, positioning them at the forefront of new age financial advisory.</p> <p>The tenant demonstrated their commitment to the location by <strong>exercising their renewal option</strong> in October 2022, highlighting their satisfaction with the premises and location. Their tenancy includes 5 exclusive basement car spaces (included in the base rental), adding significant value to their occupancy package.</p> <p>The current annual rent is $64,865.08 net per annum plus GST, with all outgoings of $22,220 recoverable, providing the investor with a true net return.</p>

<p>The investment offers <strong>compelling financial returns</strong> with a gross income of $87,085.08 per annum plus GST. After recoverable outgoings of $22,220 per annum, this provides a net annual income of $64,865.08 plus GST.</p> <p>The outgoings structure is highly favourable to investors, with <strong>all operational costs fully recoverable</strong> from the tenant including:</p> <ul> <li>Rates - General: $3,250.00</li> <li>Rates - Water: $880.00</li> <li>Strata Levies: $14,800.00</li> <li>Management Fees: $3,290.00</li> </ul> <p>The lease includes <strong>built-in growth mechanisms</strong> with annual rent reviews at 3% or CPI (whichever is greater), ensuring the investment keeps pace with inflation while delivering real income growth.</p>

<p class="mb-4">Disclaimer: No special conditions known at the time of the creation of this write up</p>

<p class="mb-4">6/195 Hume Street, Toowoomba - 209m2 - $310/m2 (doesn't account for 5 parking bays)</p><p class="mb-4">2/102 Herries Street, East Toowoomba - 166m2 - $385/m2</p><p class="mb-4">3/131a Herries Street, Toowoomba - 159m2 - $348/m2</p><p class="mb-4">4b/12 Neil Street, Toowoomba - 152m2 - $389/m2</p>

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