241-249 Bridge Street
Newtown Qld 4350
Price: $1,200,000
3
Bedrooms
1
Bathroom
3
Parking
2700
Approx Sqm
Property Description

CHAN DE SILVA with Jacqui Walker presents this RARE BUNDLE of 2 commercial and 2 residential buildings – 100% LEASED – with 3 street access across 3 titles and 56 metres of MAJOR STREET FRONTAGE.

THE ASSET:

– Owner will consider separate sale of titles

– Capital outlay whole site: $1.2 million
– Current annual lease income across 4 Tenancies: $63,540.00
– Gross rent yield: 5.29% p.a.

– Title 1: First Commercial Building, eastside corner Brim St / Bridge St
– Title 2: Second House to middle of bundle, Bridge St
– Title 2: Second Commercial Building beside that middle house
– Title 2: Large carpark area to entire rear boundary
– Title 3: First House, westside corner Hillview Ave / Bridge St

– Total bundle land area: 2,700 sq metres approx

CAPTURING:

– Access via 3 streets
– The value-adding benefit of two corner allotments
– Set on important traffic artery, Bridge Street
—- To the west, this becomes the major Warrego Highway
– Special position opposite TWO-LEVEL pub/hotel
—- That sets possible precedent for your future comm development

PER EVIDENCE BELOW, Toowoomba is experiencing continued infrastructure expansion and price growth – significantly enhancing capital growth prospects for the bundle purchaser of 241-249 Bridge Street.

LET’S ZOOM-IN on the 3 titles.

YES, the owner will consider separating these.

TITLE 1, 241 Bridge St:

– Commercial Building 1, Office with Shopfront
— On eastern side of bundle corner Brim St / Bridge St
—- Leased until late Feb 2022 with further 1 year option
—- 85 sq mtr office with open-plan shopfront and front awning
—- 2 offices, shopfront, storeroom, kitchen and separate toilet
—- Air-conditioning, data rack
—- 4 x On-site car parks
—- 100% of Outgoings paid by tenant, $5,400 per year inc GST
—- Title 1 Land Area: 405 sq mtrs approx
—- Zoned: Office Building
—- Development Zone: Mixed Density Residential

TITLE 2, 243A Bridge St:

– House 1
— Bridge St frontage
——– Currently leased late October 2022
——– Cottage style with 2 bedrooms, 1 bathroom and rear carspace

– Commercial Building 2, Hair Salon
— Beside middle house
— Bridge St frontage
——– Currently leased to local Hair Salon until mid January 2022
——– Renewal option excercised once already
——– 89 sq mtr building + 15m2 adjoining awning / courtyard
——– Long history of use as a hair salon
——– 2 x Air-conditioners, storeroom, kitchen and rear toilet
——– Polished timber floor with decorative ceiling
——– Easy access to large rear carpark
——– Uses may inc massage, beauty, medical consulting or retail

– Long Rear Carpark 57.5m x 8m with access via either side-street

– Title 2 Land Area: 1,169 square metres approx
– Zoned: Commercial
– Development Zone: Mixed Density Residential

TITLE 3, 249 Bride St:

– House 2
— On western side of bundle corner Hillview Ave / Bridge St
——– Currently leased until late June 2022
——– 3 bedrooms, 1 updated bathroom
——– Double carport, 1 detached SLUG
——– Huge lounge room, neat kitchen, sunroom, int toilet and laundry
——– Timber floors throughout
—- Title 3 Land Area: 1,156 square metres approx
—- Zoned: House
—- Development Zone: Mixed Density Residential

NEARBY:

– Next to 7-Eleven, with fuel
– Opposite TWO-FLOOR Gowrie Road Hotel/Pub
– 170m to large landsite at Pure Land Buddhist Centre
– 300m to Hillview Avenue Park
– 350m to Toowoomba West Special School
– 350m to Holy Name Primary School
– 1.6km to Toowoomba North Primary School
– 1.8km to CBD/Grand Central
– 3.0km to Toowoomba State High School

COMMERCIAL INVESTORS, Toowoomba is booming:

– $1.6 billion Second Range Crossing completed 2019
– $500m QIC Grand Central Shopping Centre upgrade completed 2018
– New Airport Industrial Park
– New Regional Data Centre

– Bridge Street is an important traffic artery in Toowoomba, at west becoming the major Warrego Highway
– Toowoomba is a key strategic link in the National Land Transport Network

A RARE BUNDLE of 2 commercial and 2 residential buildings across MULTIPLE TITLES with MAJOR STREET FRONTAGE and LEASE INCOME, it’s clear that 241-249 Bridge St represents a RARE OPPORTUNITY FOR INVESTORS.

FOR INSPECTION OR MORE INFORMATION, Chan De Silva is standing by right now for your message or call. SEE, ACQUIRE AND GAIN!

***USEFUL INFORMATION with compliments of Chan De Silva and Jacqui Walker:

– Land Area Total Bundle: 2,700 sq metres approx

– Approx Dimensions Total Bundle:
—- 56.7m frontage to major Bridge St
—- 45.5m deep to eastside boundary Brim St
—- 44.9m deep to westside boundary Hillview St
—- 57.5m rear boundary along carpark area

– Real Property Descriptions:
—- Title 1: 241 Bridge (east corner) Lot 1 on Registered Plan 17060
—- Title 2: 243A Bridge (middle) Lots 2 on Registered Plan 60061
—- Title 3: 249 Bridge (west corner) Lot 1 on Registered Plan 51161

– Internet: Each title can connect to NBN via Fibre-to-the-Node technology (FTTN)

– Local Government Area: Toowoomba Regional Council

– Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.

Share This Property

  • Email Agent about 241-249 Bridge Street, NEWTOWN QLD 4350
  • Privacy Policy

Need to sell before you buy?

Find out the value of your property and see comparable sales, suburb performance and more. It takes seconds.