Colliers Toowoomba is pleased to present 483–487 Tor Street and 18–22 McDowall Street, Newtown to the sales market via Expressions of Interest closing Tuesday 31st of March 2026 at 4:00pm.
Positioned within one of Toowoomba's most established mixed-use corridors, this substantial 4,779m²* landholding offers a rare opportunity to secure a strategic, income-producing site with scale, exposure, and flexibility. The property comprises one commercial building and three residential dwellings across multiple titles, generating $157,860 gross per annum, while presenting significant future redevelopment potential (STCA).
With dual street frontage to Tor Street and McDowall Streets, the site offers excellent accessibility, exposure, and flexibility for staged development or subdivision. Located in the tightly held Newtown precinct, close to Toowoomba CBD and surrounding retail, residential, and commercial activity, the property provides both immediate income and long-term growth opportunity.
Key Features
- Expansive 4,779m²* site with holding income
- Approximately 908m² of net lettable area
- Multiple-title configuration, offering flexibility for staged development or subdivision (STCA)
- Holding income of $157,860 gross per annum
- Comprises a tenanted commercial premises and three residential dwellings
- Multitude of development outcomes including commercial, mixed-use, medical, or residential (STCA)
- Dual street access via Tor Street and McDowall Street
- Approximately 48 metres of prominent frontage to Tor Street
- 45,000 vehicles per week passing on Tor Street
- Strategically located in Newtown, close to Toowoomba CBD and surrounding amenities
- Zoned Low/Low-Medium Density Residential
This property offers a rare opportunity to acquire a strategically located, income-producing site with significant development potential in a well-established Toowoomba precinct.
For more information, or to arrange an inspection, please contact Clem Killen or Dan Dwan of Colliers Toowoomba.
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