You might have seen it before, but not at this price!! The owners are prepared to meet the market with the price reduction!
Traditionally known as the "Baileys Building" 235 Margaret Street & 423 Ruthven Street, are literally in the centre of the Toowoomba CBD and is ready to be sold!
Spread over a remarkable 5 levels with lift access, the properties boast an incredible net lettable area of 2,656m2 and is currently occupied by Lincraft. Situated on a 652m2 allotment, the unimproved land value of the sites combined is $1.395 million as at 30/06/2022 making this a solid buying opportunity just for the land alone!
The properties feature:
- 2,656m2 of net lettable area over 5 levels
- Lift access via 235 Margaret Street to all 5 levels
- 3 Street entrances via Margaret Street, Ruthven Street and Mark Lane
- Rear loading dock via Mark Lane
- Plenty of potential and incredible upside opportunities
- Zoned Principal Centre
- Bishopp signs Lease in place for the digital signboard until 2026
- The 2 properties, across the 3 lots, are to be sold as one.
You really have to inspect these properties to appreciate the enormity! Lincraft will remain with a lease in place for a short time and will then formally exit the premises. With a little love these remarkable premises can regain their former glory!
For more information or to arrange an inspection contact Drew Camm DC Commercial today on 0432 055 250 | drew@dccommercial.com.au. Please note that a minimum of 24 hours notice is require for inspections.
