118-120 Bridge Street
East Toowoomba, QLD 4350

Overview

118-120 Bridge Street East Toowoomba QLD 4350

This prestigious property located at 118-120 Bridge Street, East Toowoomba, offers a unique investment opportunity suited for dual occupancy, café, professional services, offices, and health care services. The property is presented on a vacant possession basis, making it an attractive option for investors and business owners alike.

Set on a generous 663 square meter corner allotment with a north-facing frontage to Bridge Street and a western boundary along Partridge Street, the site boasts excellent street visibility and accessibility. The corner position enhances the property's appeal, with a 19-meter frontage to Bridge Street and a 33-meter depth along Partridge Street.

The property comprises two detached buildings under multiple rooflines, totaling approximately 223.59 square meters of building space. These include a beautiful shop building with enchanting angled display windows, a main shop display area, immaculate presentation, and multiple functional spaces. Features include reverse-cycle air-conditioning, a store room/workroom with a roller door for stock receiving, two separate powder/toilet rooms, a lovely rear deck area, and a special bridge walkway connecting to the second building.

The additional building faces north to Bridge Street and is adorned with a high picket fence, gates, flourishing garden, and an expansive paved front courtyard with a verandah. It offers four flexible spaces, including a kitchen equipped with bench space, dishwasher, electric stovetop, oven, and fridge recess. The bathroom is immaculately tiled and presented with a toilet, vanity, shower, and plantation shutters. Reverse-cycle air-conditioning is also installed in the main spaces.

Additional site features include a 6-bay car park accessible via Partridge Street, two detached sheds (one with extra height and roller doors), a gorgeous private courtyard, and a freight receiving area. The property also includes a single detached garage and a detached higher garage, contributing to the total building area.

The property is located within the Low Density Residential zone, General Precinct, and is subject to the Neighbourhood Character Overlay and Airport Environs Overlay. It benefits from premium NBN connectivity via fibre-to-the-premises infrastructure (FTTP), ensuring excellent internet access.

Strategically positioned just 600 meters north of the major Ruthven Street and 1.4 kilometers from the Sports Club and CBD, the location offers convenient access to key city amenities. Toowoomba is a growing inland city with a population of approximately 170,000 and a gross regional product of $11.56 billion. It serves as a gateway to the west, with abundant gas and oil resources and significant rural wealth. The city is within an 80-minute drive to Brisbane and under two hours to the Gold Coast.

Holding costs include recent general rates and charges of $3,820.10 gross per half-year before discounts, and a water infrastructure charge of approximately $436.98 net per half-year plus consumption. The property is registered as Lot 60 on Survey Plan 101303 under the Toowoomba Regional Council.

This tightly-held property, formerly home to a renowned interior design business, presents an extraordinary opportunity for growth and investment. The external presentation is enhanced by refined landscaping, meticulous paintwork, beautifully paved approaches, and an awning that evokes the charm of a bygone era, creating irresistible street appeal.

Overall, this property offers a compelling package for investors seeking strong capital growth and yield or business owners desiring secure premises with excellent exposure and functional spaces. The combination of location, building quality, and site features makes it a valuable asset in the East Toowoomba market.

Prospective buyers are encouraged to independently verify all figures, measurements, and stipulations with the Toowoomba Regional Council.

Location