368 Ruthven StreetToowoomba City QLD 4350
Property Details for 368 Ruthven St, Toowoomba City
Last Listing description (May 2022)
Split over two levels, 368 Ruthven Street is currently returning a 6.3% Net Yield with only the Ground Floor leased!
Occupying the 1026m2 ground floor tenancy since 2013, the current tenant exercised their 5 year option in 2018 and also added an additional 2 x 5 year options to the lease. This potentially provides a 14 year investment, with annual CPI rental increases and the tenant also paying outgoings.
Situated on the prominent corner location of Ruthven and Russell Street in the Toowoomba CBD, this property has an amazing upside to add to the already enticing lease in place.
The first floor of this property is currently vacant, a huge 713m2 in the centre of Toowoomba. The first level has separate access from the front and side of the property and their own significant amenities as well.
The potential to lease the first level and value add to the current net yield of 6.3% is incredible.
If you are looking for a solid investment with a good return and the potential to increase your profits, 368 Ruthven Street is one you must inspect!
Property History for 368 Ruthven St, Toowoomba City, QLD 4350
- 10 Mar 2025Sold for $3,500,000
- 12 Sep 2019Listed for Rent $49,000 / year
- 28 Feb 2018Listed for Sale Not Disclosed
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0About 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.
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