415 Ruthven Street Toowoomba City QLD 4350

$ 983,500

Basic Facts

Floor Area: 500 m² Land Area: 187 m² Zoning: Principal Centre
Type:
Rare Tenanted Investment with a 5 year lease in place and 3.5% yearly increases!

Located on one on Toowoomba’s prominent and historical streets, 415 Ruthven Street is the perfect bite sized investment for the astute buyer.

Tenanted by H & R Block since 2017, the tenant has just authorised their 5 year option which commences in January 2022 for 5 years with 100% of outgoings payable by Tenant and annual 3.5% increases.

Split over 3 levels the ground level includes:
– 183m2 open plan, air-condition space with reception area, partitioned offices and additional space office space towards the rear.
– Kitchenette and staff roof & male and female amenities
– Rear access via Mark Lane
– Well presented and fitted out
– Incredible exposure with front façade and lightbox signage.

The first level has 65m2 of useable space, with magnificent historical vaulted window space and window views to the rear lane.

The hidden gem is located on the second level. Overlooking the Toowoomba CBD and with the original pressed metal ceilings and floorboards in place, this 100m2 space could be transformed into inner city living.

With a secure and stable income for the next 5 years, 3.5% yearly increases and fantastic location, this time frame then provides time for the purchaser to investigate and reinvigorate the other 2 levels of this well placed property – potentially increasing the return and increase in value.

For more information or to book an inspection contact Drew Camm – DC Commercial on 0432 055 250 | drew@dccommercial.com.au.

  • Properties Qty: 150
  • Company: DC Commercial

With over 25 years experience in his own business, Drew Camm has a wealth of knowledge and experience both in business and negotiating. With a vibrant personality, Drew has established DC Commercial, building the business to focus on being innovative, dynamic and providing excellent customer service.