Chance to get slice of the action in CBD
A PROPERTY investment opportunity anchored by an established pizza business in a newly refurbished building in the heart of the Toowoomba CBD is being offered for sale via auction by Ray White Commercial Toowoomba.
The 102sq m ground-floor tenancy leased by American Slice at 1/189-193 Margaret St, Toowoomba, is being marketed by Ray White Commercial Toowoomba’s Mark Wynhoven.
Mr Wynhoven said the impressive retail suite was the front tenancy in the Chronicle Arcade and American Slice is one year into a five-year tenancy with two five-year options.
“Investment opportunities like this are always hard to come by,” he said.
“This is an outstanding opportunity to secure a premium retail investment with strong security in an historic building in the heart of the city centre.
“The recently fitted-out suite offers a fantastic outlook onto busy Margaret St and has a fresh appearance and signage.
“There is two-street access and alfresco dining under the awning.
“The outlet is close to the refurbished Long’s Building development and is in a busy precinct with surrounding cafes, retailers and professional offices.”
The property is returning gross rental income of about $52,000 per annum.
The auction will be held onsite at 10.30am (AEST) on Friday, November 9.
Further inquiries to Mr Wynhoven on 0434 190 856.