Commercial showroom investment opportunity
A CENTRALLY positioned commercial showroom with redevelopment upside (STCA) in the heart of the Toowoomba city centre is being offered for sale through Ray White Commercial Toowoomba and DC Commercial Toowoomba.
The vacant offering with gross floor area of approximately 240 sqm at 376 Ruthven Street, Toowoomba, is being marketed by Ray White Commercial Toowoomba’s Daniel McNamara and DC Commercial Toowoomba’s Drew Camm.
Mr McNamara said retail businesses have been operating from the historic CBD site for more than 150 years.
“This CBD investment offers retail, office and storage space in a substantial showroom in a high exposure location fronting Ruthven St,” he said.
“The property includes three separate offices accessed from a hallway, a large staff area plus kitchen area, an up-todate security system and four car parks.
“While the single storey building is ready for immediate occupation, it also offers further development potential (STCA).
“One immediate opportunity is to expand by adding another level.
“An internal sub-division of the floor space to accommodate two tenants is also possible.”
Mr Camm believes opportunity knocks for business owners seeking exposure.
“The location offers constant vehicle traffic and growing pedestrian traffic. This part of the CBD is set to boom.
“The building already sits amongst major retailers, the Heritage Bank headquarters and major club venues. It will also benefit from the groundswell of activity in the pipeline - the expanded Toowoomba Sports Club, the Mills Precinct and Toowoomba Railway Parklands.
“It’s exciting times for our Garden City and both business owners and investors are presented with an opportunity at 376 Ruthven Street.”
The property is being offered for sale for $650,000.