Colliers International Toowoomba are proud to present a unique opportunity to purchase a high yielding accommodation business and freehold, with further value add opportunities available!
The long established Mica Lodge in Russell Street, is a well-known short & long stay accommodation facility, located on the fringe of the thriving and expanding Toowoomba CBD. Operating in excess of 30 years, this registered and fully compliant guest house, provides budget friendly accommodation in a convenient and central location.
Features Include: Situated on a 628 m2* Low Medium Density Residential block, perfectly located on the fringe of the CBD in close proximity to other reputable businesss; Vacy Hall, Gip's Restaurant & Hede Byrne & Hall.
The current guest house offers 14 accommodation rooms, a managers office, shared kitchen facilities, multiple bathrooms and common area.
Zoned Low Medium Density Residential and falling under the Office Residential Precinct, this site provides the perfect opportunity to develop into a residential or commercial office use (STCA).
Providing the astute investor a $100,000 + gross turnover per annum, this opportunity will be well suited to a semi retired investor, SMSF purchaser or complimentary business seeking a favorable investment return from a low maintenance business operation.
Inspections are strictly to be arranged with the marketing agents from Colliers International Toowoomba
Accelerating Success.
For more information or to complete a confidentiality agreement, please contact Rebecca Steinmuller or Dan Dwan of Colliers International Toowoomba
IMPORTANT: We are still conducting property inspections for perspective tenants & Buyers; however, they will be limited to private inspections with only 2 people present for the safety of our staff & the public.
Please call or email the marketing agent to arrange a private inspection time. Our commitment to client service will remain unchanged. Our people remain accessible and ready to assist you with any challenges that COVID-19 presents.
Low-Medium Density Residential, Office Residential
Council
TOOWOOMBA REGIONAL
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
Map for 135B Russell Street Toowoomba City QLD 4350
Map for 135B Russell Street Toowoomba City QLD 4350
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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