LJ Hooker Commercial Toowoomba presents 6 Royal Street Toowoomba to the market, an exciting opportunity to secure a DA approved residential site within Toowoomba's Priority Development Area.
This 939m2 site benefits from its elevated position within Toowoomba's CBD with views over the proposed Toowoomba Railway Parkland; a three level of government supported project which has recently received $25 million in funding to explore options for the regeneration of the Toowoomba Railway Parklands Priority Development Area.
Key details of the opportunity include:
+ DA approved for a seven-level residential complex comprising of 9 x 2br units, 5 x 3br units and basement parking.
+ Toowoomba Regional Council are currently offering up to $1 million in infrastructure credits per project providing potential cost savings to eligible projects.
+ 939m2 site on two lots with three street frontage to Royal Street, Snell Street and Brown Lane.
+ Elevated position providing views over proposed parklands and CBD.
+ 2 min walk to cafes, restaurants and North State Primary School and 5 min to major shopping centre and business centre.
+ Land constrained market and under supply of apartments and medium density housing to meet current population growth.
+ Opportunity for build to rent or social housing with Toowoomba's vacancy rate consistently under 1.0%.
+ Currently rented at $490 per week on a periodic arrangement providing some holding income.
For further information contact the exclusive agents, Chris Stewart or Justin Eastwell of LJ Hooker Commercial Toowoomba.
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