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135B Russell Street Toowoomba City QLD 4350

  • Development / Land
  • 628 m²
  • For Sale, $690,000.00

Business & Freehold offering a 11.3% return!

    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.

    *Approx.

    Address135B Russell Street Toowoomba City QLD 4350
    ZoningLow-Medium Density Residential, Office Residential
    CouncilTOOWOOMBA 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.
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    Property Highlights

    Property ID2015417605
    Floor Area9 m²
    Land Area628 m²
    Parking2 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  4 Jan 2021
    Map for 135B Russell Street Toowoomba City QLD 4350
    Map for 135B Russell Street Toowoomba City QLD 4350135B 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*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2015417605
    Floor Area9 m²
    Land Area628 m²
    Parking2 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  4 Jan 2021
    Colliers International Toowoomba
    126 Margaret Street Toowoomba City QLD 4350

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