116-118 Herries Street East Toowoomba QLD 4350

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