617-619 Ruthven StreetToowoomba City QLD 4350
Property Details for 617-619 Ruthven St, Toowoomba City
Last Listing description (November 2023)
Looking for an incredible buying opportunity at below replacement cost*. Look no further! 617-619 Ruthven Street is now on the market at a solid price of $5.1 Million. This is your chance to own a remarkable property with immense potential.
Why Invest? Here are the reasons you can't afford to miss out:
EXISTING LEASE WITH TIDY INCOME: The premises comes with an existing lease in place until 30/06/2024, generating a substantial income of $492,144 + Outgoings (incl land tax) + GST annually.[Drew] (tenant is moving elsewhere)
PRIME LOCATION: Situated in a sought-after city fringe area, this property enjoys excellent frontage to Ruthven Street, offering tremendous visibility and accessibility.
ABUNDANCE OF SPACE: With a generous 1,724m* of professional air-conditioned offices spread across five levels, there is ample room for this property to thrive. A functioning lift provides access from the ground floor to the first and second levels.
PARKING MADE EASY: Say goodbye to parking woes! Benefit from over 25 rare city fringe car parks located onsite for your convenience and that of your clients.
VERSATILE POSSIBILITIES: The mixed-use zoning allows for endless opportunities. Transform the space into a city fringe hotel, a trendy gym, a fully functioning medical centre with lift access, split it into three separate tenancies, or even a chic caf/restaurant/juice bar that the surrounding area would welcome!
EXCELLENT INVESTMENT: Concrete floors between each level provide an opportunity (subject to local council requirements) to strata title and sell, making this a versatile property and a sound investment choice.
RARE GEM: Opportunities like this don't come often. This is an extremely rare offering, not just in Toowoomba, but throughout Australia.
Seize the opportunity now! With an existing tenant in place and various potential uses, this property is a true gem waiting to be discovered. Whether you're an investor or a business owner, the time is ripe to make this outstanding premises yours.
Contact Drew Camm from DC Commercial today to place your offer and unlock the full potential of this amazing property!
Email: drew@dccommercial.com.au
Phone: 0432 055 250
Don't miss out on this golden opportunity! Act fast and secure your future today!
Property History for 617-619 Ruthven St, Toowoomba City, QLD 4350
- 18 Feb 2025Sold for $4,100,000
- 21 Oct 2024Listed for Sale Price on Application
- 21 Oct 2024Listed for Rent - Price not available
Recent sales nearby
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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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