A property considered the jewel in the crown within Toowoomba’s Walton Stores Precinct is now on the market with an asking price of $3.9 million.

Extensively renovated approximately two years ago with all infrastructure replaced, lift installed and new fit outs provided, the property at 11 Annand Street combines the best of modernity with old-world charm.

At a glance:

• Topflight investment asset at 11 Annand Street Toowoomba comes to market with an asking price of $3.9 million
• The property is fully leased to two tenants through to 2022 with further five-year options
• The building, once the largest brick building in Queensland, comprises a lettable area of 745 square metres and brings in an income of approximately $286,000 per annum nett

Fully leased to a business tenant and retail tenant through to 2022 with further five-year options, the building comprises a lettable area of 745 square metres and brings in an income of approximately $286,000 per annum nett.

Ray White Commercial Sales and Leasing Agent Daniel McNamara said the building was fully compliant, required minimal maintenance and could be seen as a set-and-forget investment.

“This building was constructed in the early 1900s and was the largest brick building in Queensland at one time,” McNamara said.

“It was originally home to a business called Rosenstengal who specialised in furniture making but over the years it has also been used as a furniture shop and second-hand shops and now it is home to RB Sellers and Donaldson’s Lawyers.

“Rarely do such high calibre properties come to market, but when they do, they are in hot demand.”

Mr McNamara said the building was within the Walton Stores Precinct which had numerous food offerings, other commercial enterprises, banks and retail outlets.

“Everything is close by including the Empire Theatre, council chambers and numerous carparks,” he said.

“We have an asking price of $3.9 million and I am already starting to get steady enquiry and growing interest.”

Click here to read the full details - High Calibre Commercial Tenanted Investment

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