40 Annand Street, Toowoomba City, QLD 4350 | Commercial for sale | OnTheHouse
 
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40 Annand Street
Toowoomba City QLD 4350

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Floor area: 2045m2
Land area: 3160m2
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Olympic City Investment: CBD Development with Income - Secure Now, Develop for a High-Growth Future.

With Toowoomba officially named as the host city for the 2032 Olympic equestrian event, the spotlight is now on the region as a major growth centre. RWC Toowoomba is proud to present 40 Annand Street - a premium commercial asset located in the heart of the CBD, offering investors both a secure income stream and prime development potential. Zoned Principal Centre, the site supports development up to 12 storeys^ and is ideally suited for a hotel, capitalising on the anticipated surge in tourism and accommodation demand as Olympic preparations accelerate. Surrounded by iconic destinations like the Empire Theatre and Grand Central Shopping Centre, this property is a strategic acquisition for those looking to benefit from Toowoomba's exciting transformation into an Olympic city.
• Income-generating asset - Tenant in place delivering immediate returns for investors
• Olympic-ready opportunity - Perfectly positioned to accommodate future hotel or short-stay development up to 12 storeys^
• Strategic CBD location - Just 20m* from the Empire Theatre and close to major cultural and retail precincts
• Principal Centre zoning - Allows a range of large-scale commercial, mixed-use or hospitality developments
• Future-facing development site - Align with the city's Olympic-driven growth and infrastructure investment
• Adjacent to major parking - Next to Toowoomba Regional Council car park, adding convenience and accessibility
• Strong capital growth potential - Leverage the Olympic effect and the region's rising profile
• Rare CBD holding - Secure a highly desirable, income-producing property with long-term upside
• High connectivity - Access to public transport, arterial roads and walkability to amenities
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Property Details for 40 Annand St, Toowoomba City

Building Type
Commercial
Floor Size
2045m2
Land Size
3160m2
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About Toowoomba City 4350

The size of Toowoomba City is approximately 2.7 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Toowoomba City in 2016 was 2088 people. By 2021 the population was 2321 showing a population growth of 11.2% in the area during that time. The predominant age group in Toowoomba City is 20-29 years. Households in Toowoomba City are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Toowoomba City work in a professional occupation.In 2021, 36.20% of the homes in Toowoomba City were owner-occupied compared with 34.40% in 2016.

Toowoomba City has 2,409 properties. Over the last 5 years, Houses in Toowoomba City have seen a 118.32% increase in median value, while Units have seen a 78.16% increase. As at 30 November 2025:

  • The median value for Houses in Toowoomba City is $776,105 while the median value for Units is $526,015.
  • Houses have a median rent of $500 while Units have a median rent of $395.
There are currently 21 properties listed for sale, and 126 properties listed for rent in Toowoomba city on OnTheHouse. According to Cotality's data, 111 properties were sold in the past 12 months in Toowoomba city.

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