Share this property

368 Ruthven Street Toowoomba City, QLD 4350

Directions

368 Ruthven Street,
Toowoomba City, QLD 4350

Shop & Retail • Hotel & Leisure • Other

Price information

Sale

$2,990,000

Key property information

Land area

Floor area

Property extent

Zoning

Tenure type

Return

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$194,000
Number of Tenants
1 Tenant
Tenants / Type
The Vault

Map of 368 Ruthven Street

Directions

City Centre 6.5% Net Tenanted Investment - 5 yr Lease to 2023 with 2 x 5 year options!

  • 6.5% Net Yield -Incredible value add opp
  • Secure tenant with lease options to 2033
  • Better than bank interest!! CBD location
Split over two levels, 368 Ruthven Street is currently returning a 6.5% Net Yield with only the Ground Floor leased!

Occupying the 1026m2 ground floor tenancy since 2013, the current tenant exercised their 5 year option in 2018 and also added an additional 2 x 5 year options to the lease. This potentially provides a 14 year investment, with annual CPI rental increases and the tenant also paying outgoings.

Situated on the prominent corner location of Ruthven and Russell Street in the Toowoomba CBD, this property has an amazing upside to add to the already enticing lease in place.

The first floor of this property is currently vacant, a huge 713m2 in the centre of Toowoomba. The first level has separate access from the front and side of the property and their own significant amenities as well.
The potential to lease the first level and value add to the current net yield of 6.5% is incredible.

If you are looking for a solid investment with a good return and the potential to increase your profits, 368 Ruthven Street is one you must inspect!

Property ID: 503395602Last Updated: 17 Jan 2020

0432 *** ***
368 Ruthven Street
Toowoomba City, QLD 4350

Agency contacts

DC Commercial
DC Commercial
Toowoomba
TOOWOOMBA CITY, QLD 4350
View agency profile
progress tick

Sending email...

Email enquiry

Send to:

Drew Camm
DC Commercial
368 Ruthven Street Toowoomba City, QLD 4350

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call