34 Neil Street Toowoomba City QLD 4350

L J Hooker Commercial are pleased to present to the sale market 34 Neil Street, Toowoomba City via Expression of Interest now closing 3rd October 2024.

Offering the eventual purchaser endless potential with a passive income and the option to invest, redevelop (STCA) or future occupy!

Features Include:
389m² of Net Lettable Area (NLA)* across two established tenancies
Ability to subdivide to 5 individual tenancies
Land area of 405m²*, zoned Principal Centre
Net passing income of $34,339 per annum* with the capability for significant growth
Established trading history with long-standing tenants: Boss Creations Hair Salon and E Attar Middle Eastern Grill
Convenient location within walking distance to the CBD and ample off-street parking
Tenancy 1: 24m²* retail space, currently operating as a hair salon, offering a neat and tidy layout
Tenancy 2: 364m²* with a fully equipped restaurant, commercial kitchen, and two spacious dining areas. This tenancy boasts expansive window frontage Bell Street, providing abundant natural light
Development potential: Zoned for up to 8 storeys, offering future development opportunities (STCA) with stunning views over the iconic Queens Park and Toowoomba CBD

This property presents an exceptional opportunity for the astute investor, offering a central location with excellent connectivity. The flexibility in lease terms, established income, and versatile layout make it a rare find in today's market.

Don't miss out on this unique investment with both immediate returns and significant development upside.

For more information or to arrange a private inspection please contact exclusive agent Chris Stewart of LJ Hooker Commercial.

*Approx.
** Subject to Council Approval.