One of Toowoomba’s most iconic and significant heritage buildings has come to market, presenting an opportunity to enhance a major heritage site through adaptive reuse and development on the surplus land. 

Commonly known as Pigott’s Building, the property is being jointly offered via auction by RWC Queensland and RWC Toowoomba.

Source: RWC Queensland

Positioned within the Principal Centre Zone at the heart of Toowoomba CBD, the opportunity includes an approximately 4,775sqm site area with 6,246sqm GFA.

This evolving precinct encompasses a number of CBD heritage projects, including Walton Stores, The Toowoomba Foundry, and the $15m landmark Rowes Precinct, the city's most recent significant redevelopment project.

Source: RWC Queensland

381 Ruthven Street has adaptive re-use potential, benefitting from dual street frontage and a 10-storey maximum building height (STCA).

There is also holding income from Wilson Parking, which occupies the 41-car space parking lot on a month to month basis.

Source: RWC Queensland

Referred to as the Capital of the Darling Downs Region, Toowoomba is currently recognised as Australia’s second largest inland city, located only 90 minutes from Brisbane.

A robust and diverse local economy is underpinned by a population of just over 178,000* people and an additional 16,800* local businesses. Forecast population growth of 52%* by 2046 underpins future development. *Approximate. 

Source: RWC 

The Auction will be held on Wednesday 4 October 2023 at 11am in-rooms at Oaks Hotel, Toowoomba.

To request a copy of the Information Memorandum please email the agency marketing agents Michael McCullagh and John Dwyer of RWC Queensland or Paul Schmidt-Lee and Peter Marks of RWC Toowoomba via the contact form below. 

To view the listing or for more information click here.

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