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7/532-534 Ruthven Street
Toowoomba City QLD 4350
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Sold on 2 Feb 2023

7/532-534 Ruthven Street Toowoomba City QLD 4350

  • Offices
  • 378 m²
  • Sold

Incredible 7 year lease with a Government tenant at a 6.45% net yield!!

    An extremely rare opportunity to purchase an A-Class office premises centrally located in Toowoomba with an additional 4 car parks and a 7 year lease from the Toowoomba Regional Council.

    Located on the first floor of the Toowoomba Central Plaza complex, Suite 7 features:

    - 378m2 air-conditioned open plan premises
    - 2 Lifts that access the property from the ground level and car parks
    - 4 Secure car parks situated on the same level as the office providing direct access
    - Incredible natural light via full height windows across the entire frontage and light well of the premises that overlooks the Toowoomba CBD
    - Shared onsite amenities with PWD on the same level.

    The Government tenant has just signed a brand new 7 year lease that commenced on the 1 January 2022. Plus the lease contains annual fixed 3% increases with 5 x 2 year options potentially securing the property until 2038!! Incredible opportunity!

    The Toowoomba Commercial Market remains solid and this opportunity continues to showcase the sought after buying opportunities that it creates for buyers. This is indeed an extremely rare opportunity that you should consider for your portfolio.

    Do not miss out on your opportunity to secure this well placed and solid tenanted investment. Contact Drew Camm - DC Commercial today on 0432 055 250 | drew@dccommercial.com.au for more information or to arrange an inspection.

    Property Highlights

    Date Sold2 Feb 2023
    Floor Area378 m²
    Land Area378 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2018263579
    Category
    Last updated  23 Apr 2023
    Map for 7/532-534 Ruthven Street Toowoomba City QLD 4350

    Property Highlights

    Date Sold2 Feb 2023
    Floor Area378 m²
    Land Area378 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2018263579
    Category
    Last updated  23 Apr 2023

    Listed by

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