Get slice of the ac­tion in CBD

The Coffs Coast Advocate - - PRIME SITE -

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.

Photo: Sean Buck­ley

SALE LOOMS: The ten­ancy leased by Amer­i­can Slice in Toowoomba, will go to auc­tion on Novem­ber 9.

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