Colliers Toowoomba are pleased to present 116-118 Herries Street, East Toowoomba, QLD 4350. Presenting in two allotments across three titles, this property offers a turn-key owner occupier opportunity with holding income. An appealing office building investment with upside potential to redevelop the combined 1,062m² corner allotment; subject to council approval. At a Glance: - 182m² office building with two private suites; set on a 708m² allotment with access from Herries Street and Jarrot Street - Suite 1 - currently owner occupied; sold vacant - Suite 2 - leased to Greenmount Press; expiring February 2025 - Potential net income $69,500 per annum - Adjoining vacant 354m² allotment - Combined total outgoings $20,422.57 - Zoned "City South Precinct" mixed use* - 8-Storey height potential with cityscape views - Excellent opportunity for investor, developer or owner occupier - Data room available upon request Located on the CBD fringe, zoned "City South Precinct" mixed use* and with 8 storey height potential, this is an opportunity not to be missed. Please contact Gillian Ross or Dan Dwan of Colliers Toowoomba. *Toowoomba Regional Planning Scheme, 2022, v28.0
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Properti ID: 504647904