241 Bridge Street

Newtown QLD 4350

THE ASSET:

- Owner will consider separate sale of titles

- Capital outlay whole site: $1.2 million
- Current annual lease income across 4 Tenancies: $63,540.00
- Gross rent yield: 5.29% p.a.

- Title 1: First Commercial Building, eastside corner Brim St / Bridge St
- Title 2: Second House to middle of bundle, Bridge St
- Title 2: Second Commercial Building beside that middle house
- Title 2: Large carpark area to entire rear boundary
- Title 3: First House, westside corner Hillview Ave / Bridge St

- Total bundle land area: 2,700 sq metres approx

CAPTURING:

- Access via 3 streets
- The value-adding benefit of two corner allotments
- Set on important traffic artery, Bridge Street
---- To the west, this becomes the major Warrego Highway
- Special position opposite TWO-LEVEL pub/hotel
---- That sets possible precedent for your future comm development

PER EVIDENCE BELOW, Toowoomba is experiencing continued infrastructure expansion and price growth - significantly enhancing capital growth prospects for the bundle purchaser of 241-249 Bridge Street.

LET'S ZOOM-IN on the 3 titles.

YES, the owner will consider separating these.

TITLE 1, 241 Bridge St:

- Commercial Building 1, Office with Shopfront
-- On eastern side of bundle corner Brim St / Bridge St
---- 85 sq mtr office with open-plan shopfront and front awning
---- 2 offices, shopfront, storeroom, kitchen and separate toilet
---- Air-conditioning, data rack
---- 4 x On-site car parks
---- 100% of Outgoings paid by tenant, $5,400 per year inc GST
---- Title 1 Land Area: 405 sq mtrs approx
---- Zoned: Office Building
---- Development Zone: Mixed Density Residential

TITLE 2, 243A Bridge St:

- House 1
-- Bridge St frontage
-------- Cottage style with 2 bedrooms, 1 bathroom and rear carspace

- Commercial Building 2, Hair Salon
-- Beside middle house
-- Bridge St frontage
-------- Currently leased to local Hair Salon until mid January 2022
-------- Renewal option excercised once already
-------- 89 sq mtr building + 15m2 adjoining awning / courtyard
-------- Long history of use as a hair salon
-------- 2 x Air-conditioners, storeroom, kitchen and rear toilet
-------- Polished timber floor with decorative ceiling
-------- Easy access to large rear carpark
-------- Uses may inc massage, beauty, medical consulting or retail

- Long Rear Carpark 57.5m x 8m with access via either side-street

- Title 2 Land Area: 1,169 square metres approx
- Zoned: Commercial
- Development Zone: Mixed Density Residential

TITLE 3, 249 Bride St:

- House 2
-- On western side of bundle corner Hillview Ave / Bridge St
-------- 3 bedrooms, 1 updated bathroom
-------- Double carport, 1 detached SLUG
-------- Huge lounge room, neat kitchen, sunroom, int toilet and laundry
-------- Timber floors throughout
---- Title 3 Land Area: 1,156 square metres approx
---- Zoned: House
---- Development Zone: Mixed Density Residential

NEARBY:

- Next to 7-Eleven, with fuel
- Opposite TWO-FLOOR Gowrie Road Hotel/Pub
- 170m to large landsite at Pure Land Buddhist Centre
- 300m to Hillview Avenue Park
- 350m to Toowoomba West Special School
- 350m to Holy Name Primary School
- 1.6km to Toowoomba North Primary School
- 1.8km to CBD/Grand Central
- 3.0km to Toowoomba State High School

COMMERCIAL INVESTORS, Toowoomba is booming:

- $1.6 billion Second Range Crossing completed 2019
- $500m QIC Grand Central Shopping Centre upgrade completed 2018
- New Airport Industrial Park
- New Regional Data Centre

- Bridge Street is an important traffic artery in Toowoomba, at west becoming the major Warrego Highway
- Toowoomba is a key strategic link in the National Land Transport Network

A RARE BUNDLE of 2 commercial and 2 residential buildings across MULTIPLE TITLES with MAJOR STREET FRONTAGE and LEASE INCOME, it's clear that 241-249 Bridge St represents a RARE OPPORTUNITY FOR INVESTORS.

FOR INSPECTION OR MORE INFORMATION, Chan De Silva is standing by right now for your message or call. SEE, ACQUIRE AND GAIN!

***USEFUL INFORMATION with compliments of Chan De Silva and Jacqui Walker:

- Land Area Total Bundle: 2,700 sq metres approx

- Approx Dimensions Total Bundle:
---- 56.7m frontage to major Bridge St
---- 45.5m deep to eastside boundary Brim St
---- 44.9m deep to westside boundary Hillview St
---- 57.5m rear boundary along carpark area

- Real Property Descriptions:
---- Title 1: 241 Bridge (east corner) Lot 1 on Registered Plan 17060
---- Title 2: 243A Bridge (middle) Lots 2 on Registered Plan 60061
---- Title 3: 249 Bridge (west corner) Lot 1 on Registered Plan 51161

- Internet: Each title can connect to NBN via Fibre-to-the-Node technology (FTTN)

- Local Government Area: Toowoomba Regional Council

- Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.