114-116 Russell Street, Toowoomba City, QLD 4350

Offices

For Sale Expressions of Interest Closing 3 May 2024

  • Property ID: 442605
  • Floor Area: 720m²
  • Land Area: 2994m²
  • Occupancy: Vacant
Outstanding Development Opportunity

Located at the heart of Toowoomba's bustling cityscape, the combined properties of 114 and 116 Russell Street present an exceptional investment opportunity for discerning property developers. Spanning a generous total land area of 2,994sqm*, this prime parcel of land boasts a commanding 50m* frontage along Russell Street, a premier thoroughfare that serves as a gateway to the central business district. Its strategic proximity within walking distance to the CBD ensures unparalleled convenience and accessibility.

One of the standout features of this property is its dual street access, with frontage not only to Russell Street but also to Baty Lane. This rare attribute not only enhances accessibility but also offers versatile design possibilities for potential developments. Zoned as Principal Centre, the land parcel provides an extensive array of development options, making it an ideal canvas for realising visionary architectural concepts.

The property's proximity to transport hubs ensures seamless connectivity, facilitating effortless commutes for employees and patrons alike. With transport options right at its doorstep, including public transportation routes and a major thoroughfare, the location enhances the appeal and viability of any prospective development. 114 and 116 Russell Street present a unique and lucrative investment opportunity, poised to become a landmark development that not only contributes to Toowoomba's urban landscape but also promises substantial returns for savvy investors.

* Approx.

Toowoomba City Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $144 ---
Offices $3014 $267 8.85%
Retail $2854 $244 8.56%
This is the average advertised price, rent and yield for Toowoomba City, QLD 4350*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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