217 Margaret Street Toowoomba City QLD 4350

LJ Hooker Commercial Toowoomba & South-West QLD are proud to present to the market 217 Margaret Street, Toowoomba City. This property provides a commanding position over Toowoomba's "Eat Street" with nearly 28m2 frontage to Margaret Street and almost 18m to Club Lane.

The property originally formed part of the iconic Club Hotel from the early 1900's which took in the entire corner of Ruthven and Margaret Street. The hotel was then subdivided into a number of smaller freehold properties (including 217 Margaret Street) in subsequent years with the first-floor layout still consistent with the accommodation from this period.

The ground floor comprises of 6 tenancies which are 100% occupied providing approximately 83% of the current gross income. The first floor consists of affordable office space with the majority of tenants on short term leases providing the opportunity to refurbish the tenancies as the leases expire and create upside going forward with increases to lease rates.

Features include:
- 750sqm* Nett Lettable Area
- 966sqm* Gross Floor Area
- 483sqm* site with 27.9m frontage to Margaret Street
- Zoned Principal Centre 8 storey height limit

Net Annual Income: $156,025 p.a. plus GST*

For further details, a copy of the information memorandum or to organise an exclusive inspection please contact Justin Eastwell of LJ Hooker Commercial Toowoomba & South-West QLD.

*Approx.