Auction Location: Level 1 / 677-683 Ruthven Street, South Toowoomba, QLD, 4350.

This property provides a unique opportunity to refurbish and re-lease. There are only two tenants, the first Harvey Norman is on a hold over and whilst not pressing for a new lease have indicated an interest to enter into discussions with a new owner to secure tenure in exchange for a centre upgrade. The second tenant is an in-home childcare provider who lease expires in the middle of 2022.

The property is over 7,000 sqm with two street frontage and is located on the fringe of the Warwick CBD. The building itself is of a simple brick construction and would easily be altered to support a number of new retails uses. The carpark is extensive and has a recently refurbished shade structure. The absentee owner lives overseas and has indicated a desire to quit the asset.

The possibilities are endless, and the opportunity is enticing. The property is to be auctioned in Rooms at LJ Hooker Commercial Southwest Queensland on Friday 8th October and 11am.

Key features:
• Land Area 7,502 sqm
• Building Area 3,256.75 sqm (Subject to Survey)
• Gross Passing Income $216,306.48
• Ample onsite carparking
• Main road signage opportunities
• Directly across the road from Warwick State High

For more information, please contact marketing Agents Mike Stewart on 0418 717 3... or Chris Stewart on 0451 948 0....