Interstate investors have pounced on pizza takeaway in the heart of Toowoomba's CBD.  

A couple from Queensland has purchased  T1, 191 Margaret Street through Ray White Commercial Toowoomba for $475,000, reflecting a yield of 7.24 per cent. 

The site houses pizza takeaway American Slice, which is two years into a five-year lease that has 2 x five-year options.

At a glance:

• A pizza takeaway at T1,191 Margaret Street in Toowoomba's CBD has been sold for $475,000, reflecting a yield of 7.24 per cent.
• The property was marketed by Mark Wynhoven of Ray White Commercial Toowoomba.
• The site houses American Slice, which is two years into a five-year lease deal.

Part of a body corporate, the property comprises 102 square metres of ground floor area facing busy Margaret Street.

Fresh appearance and signage are complemented by proximity to the newly refurbished Long’s Building redevelopment.

Selling agent Mark Wynhoven told WILLIAMS MEDIA a drop in interest rates had helped facilitate enquiries for the property.

"We had a few hits initially, but they were ambitious and unappealing offers," he said.

"Once interest rates dropped, it began to stand out as an investment opportunity, and we began fielding more appealing offers. 

"We had strict criteria, but we ended up hitting that button, so the owners were very happy with the result." 

Similar to this:

What you need to know before investing in commercial real estate

Restaurant ready tenancy available in Toowoomba

Office/retail leasing opportunity available in Toowoomba