207, 209, 211 & 213a Ruthven Street
North Toowoomba, QLD 4350

Overview

207, 209, 211 & 213a Ruthven Street & 26 Gordon Street North Toowoomba QLD 4350

This property presents an exceptional opportunity to acquire a substantial development-ready site located in North Toowoomba, Queensland. The site benefits from an existing Development Approval (DA) for 54 residential apartments, making it a prime investment or development prospect. The landholding comprises six contiguous titles, offering a strategic frontage to Ruthven Street with additional rear access from Gordon Street, enhancing accessibility and development potential.

Originally intended as a social housing project to serve the Toowoomba region, this versatile site is suitable for a variety of uses, subject to council approval (STCA). The development approval includes a mix of apartment types: 34 one-bedroom units, 12 two-bedroom units, and 8 three-bedroom units, catering to diverse residential needs.

Key features of the property include:

• Development Approval for 54 residential units, including a mix of one, two, and three-bedroom apartments.
• Low to Medium Density Residential zoning, providing flexibility in development options.
• A total land area of approximately 3,238 square meters spread across six contiguous lots.
• Rare dual access with main road exposure on Ruthven Street and secondary access via Gordon Street.
• Development approval valid through to June 2030, offering a secure timeframe for project completion.
• Existing site improvements include four cottages and two commercial tenancies, providing potential holding income.
• Potential holding income estimated at around $90,000 per annum, with vacant possession available.

The location offers significant advantages, including proximity to key amenities and infrastructure. It is situated just 1.4 kilometers from the Toowoomba Central Business District (CBD), providing convenient access to urban facilities. Nearby retail options include Bunnings at 450 meters and Northpoint Shopping Centre at 950 meters. The site benefits from immediate access to major transport corridors and key infrastructure projects, supporting future growth and connectivity.

Surrounding the property is a strong residential demand environment, with vacancy rates below 0.5%, indicating a robust rental market. The area is highly sought after for its convenient location and close proximity to essential services and facilities.

Development potential extends beyond the current approval, with zoning permitting a range of alternative uses subject to council approval. Potential future uses include aged care facilities, short-term accommodation, mixed-use developments, healthcare services, educational institutions, or childcare centers. Detailed planning, landscape intent, and noise assessments have already been completed, reducing development risk and accelerating time to market.

Investment considerations highlight the region's population growth, ongoing infrastructure projects, and historically low vacancy rates, all of which support strong end-user demand. The property is located in one of regional Queensland's most tightly held and economically resilient centers. Substantial planning and design work has been completed in collaboration with the Toowoomba Regional Council (TRC), providing a solid foundation for prospective developers or investors.

This offering represents a rare and valuable opportunity to secure a significant landholding with approved development plans in a thriving regional market. Interested parties are encouraged to review the full Information Memorandum for comprehensive details on this exceptional property.

Location