The Chronicle

CBD SHOP-TOP APARTMENT SELLS FOR $1M

- TOM GILLESPIE

THE $1 million auction sale of a Toowoomba CBD building featuring a “spectacula­r” apartment on the top floor could spark a new wave of shop-top living developmen­ts.

That’s according to Re/Max agent Jacqui Walker who secured the result for the owner of the narrow property on Ruthven Street, opposite the Heritage Bank building.

Ms Walker said the vendor, who had held the site for 17 years, completely refurbishe­d the second floor into a boutique apartment that delivered plenty of interest.

“People had lived in it in the past, it had been rented out, but it wasn’t nice, and she made it look modern — all she did was renovate it and make it beautiful,” she said.

“We had over 150 inspection­s over the four-week period, and we had registered buyers from interstate.

“We had a Melbourne person on the line and Sydney on the line, but in the end it came down to two locals and (they) kept going.”

Ms Walker said the interest in the sale had led to a more inquiries about shop-top living.

“I’ve now listed the shop next door, which is unrenovate­d but could be repeated next door,” she said.

“A lot of people were very interested in replicatin­g what happened with this one.”

 ?? ?? SOLD: A building in the Toowoomba CBD with an apartment on the first floor has sold for $1 million at auction through Re/Max Success.
SOLD: A building in the Toowoomba CBD with an apartment on the first floor has sold for $1 million at auction through Re/Max Success.

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