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368 Ruthven Street Toowoomba City QLD 4350

  • Shop & Retail
  • 1,738 m²
  • For Sale, $2,990,000 (GST na)

City Centre 6.5% Net Tenanted Investment - 5 yr Lease to 2023 with 2 x 5 year options!

    Split over two levels, 368 Ruthven Street is currently returning a 6.5% Net Yield with only the Ground Floor leased!

    Occupying the 1026m2 ground floor tenancy since 2013, the current tenant exercised their 5 year option in 2018 and also added an additional 2 x 5 year options to the lease. This potentially provides a 14 year investment, with annual CPI rental increases and the tenant also paying outgoings.

    Situated on the prominent corner location of Ruthven and Russell Street in the Toowoomba CBD, this property has an amazing upside to add to the already enticing lease in place.

    The first floor of this property is currently vacant, a huge 713m2 in the centre of Toowoomba. The first level has separate access from the front and side of the property and their own significant amenities as well.
    The potential to lease the first level and value add to the current net yield of 6.5% is incredible.

    If you are looking for a solid investment with a good return and the potential to increase your profits, 368 Ruthven Street is one you must inspect!

    Property Highlights

    Property ID2016706910
    Floor Area1,738 m²
    Land Area1,081 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  11 Jan 2021
    Map for 368 Ruthven Street Toowoomba City QLD 4350
    Map for 368 Ruthven Street Toowoomba City QLD 4350368 Ruthven Street Toowoomba City QLD 4350
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    • Purchase price

      $
      2,990,000

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    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 ID2016706910
    Floor Area1,738 m²
    Land Area1,081 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  11 Jan 2021
    DC Commercial
    3 Lucinda Avenue Highfields QLD 4352

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