Savills and LJ Hooker Commercial Toowoomba are pleased to present to the market For Sale: 146 Herries Street, Toowoomba.
The property represents an exceptional opportunity to acquire a fully leased, government tenanted, well presented office building with value add potential, located within the Toowoomba CBD.
THE INVESTMENT OFFERS
- Fully leased office building 100% occupied by government tenants (including the Commonwealth Government NDIS agency and Queensland State Government Department of Environment and Science)
- 1,615sq m* of NLA over 2 levels
- 3,619sq m* site area
- 60* car bays secured by boom gate at the rear of the property and 2 car bays at the front of the property
- Value add potential (e.g. build additional office accommodation over the car park STCA)
- Toowoomba CBD location (within 126km* of Brisbane)
- Toowoomba region has seen a significant amount of infrastructure and commercial projects either recently completed or underway including the Inland Freight Rail ($5.25bn), Toowoomba Second Range Crossing ($1.6bn*), QIC's Grand Central Shopping Centre ($500m*), Pulse Data Centre ($100m*) and Toowoomba Wellcamp Airport.
- 3.9* year WALE by income (as at 13 August 2018)
- NABERS exempt (forecast 4.5 stars)
- $593,902* net income per annum (as at 13 August 2018)
* Approximate
STCA Subject To Council Approval
Interested parties are encouraged to contact the Exclusive Agents to discuss this highly unique opportunity in further detail.
