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 represents 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 for a variety of residential projects.

The landholding comprises six contiguous titles with frontage to Ruthven Street and rear access from Gordon Street, providing rare dual access that enhances the site's appeal and functionality. The total land area spans approximately 3,238 square meters, zoned for Low-Medium Density Residential use, which supports a range of development possibilities subject to council approval.

The approved development includes a mix of apartment types: 34 one-bedroom units, 12 two-bedroom units, and 8 three-bedroom units. This diverse unit mix caters to a broad market segment, from singles and couples to families, enhancing the project's marketability.

Existing on the site are four cottages and two commercial tenancies, which currently contribute potential holding income estimated at around $90,000 per annum. The property is offered with vacant possession available, allowing for immediate development or repositioning according to the buyer's plans.

Strategically located, the site is just 1.4 kilometers from the Toowoomba Central Business District (CBD), providing convenient access to urban amenities and services. Nearby facilities include Bunnings Warehouse at 450 meters and Northpoint Shopping Centre at 950 meters, ensuring residents have access to essential retail and lifestyle options. The location also benefits from immediate access to major transport corridors and key infrastructure projects, supporting future growth and connectivity.

The surrounding area is characterized by strong residential demand, with vacancy rates below 0.5%, indicating a robust rental market and potential for sustained investment returns. The site was originally planned as a social housing project to serve the Toowoomba region but is versatile enough to accommodate a variety of uses subject to council approval (STCA).

Development potential extends beyond residential apartments, with zoning permitting alternate uses such as aged care facilities, short-term accommodation, mixed-use developments, healthcare services, education, or childcare centers. Detailed plans, including landscape intent and noise assessments, have already been completed, reducing development risk and accelerating time to market.

Investment considerations include the region's population growth, ongoing infrastructure projects, and historically low vacancy rates, all of which underpin strong end-user demand. Toowoomba is recognized as one of regional Queensland's most tightly held and economically resilient centers, making this site a valuable addition to any development portfolio.

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 to proceed with confidence.

Overall, this offering presents a rare and significant opportunity to secure a large, strategically located site with approved development plans in a thriving regional market. It is well suited for developers, investors, or organizations seeking to deliver quality residential or mixed-use projects in North Toowoomba.

Location