6 Royal Street Toowoomba City QLD 4350

LJ Hooker Commercial Toowoomba presents 6 Royal Street Toowoomba to the market, an exciting opportunity to secure a DA approved residential site within Toowoomba's Priority Development Area.

This 939m2 site benefits from its elevated position within Toowoomba's CBD with views over the proposed Toowoomba Railway Parkland; a three level of government supported project which has recently received $25 million in funding to explore options for the regeneration of the Toowoomba Railway Parklands Priority Development Area.

Key details of the opportunity include:
+ DA approved for a seven-level residential complex comprising of 9 x 2br units, 5 x 3br units and basement parking.

+ Toowoomba Regional Council are currently offering up to $1 million in infrastructure credits per project providing potential cost savings to eligible projects.

+ 939m2 site on two lots with three street frontage to Royal Street, Snell Street and Brown Lane.

+ Elevated position providing views over proposed parklands and CBD.

+ 2 min walk to cafes, restaurants and North State Primary School and 5 min to major shopping centre and business centre.

+ Land constrained market and under supply of apartments and medium density housing to meet current population growth.

+ Opportunity for build to rent or social housing with Toowoomba's vacancy rate consistently under 1.0%.

+ Currently rented at $490 per week on a periodic arrangement providing some holding income.

For further information contact the exclusive agents, Chris Stewart or Justin Eastwell of LJ Hooker Commercial Toowoomba.