LJ Hooker Commercial is pleased to offer to the market a Toowoomba landmark. This development opportunity is positioned on Ruthven Street and provides significant exposure to a large number of passing vehicles daily. 'The Foundry' as the site is more commonly known was Toowoomba's longest operating metal foundry dating back to 1871. This iconic location is transitioning to a new future and there is a significant opportunity to now participate in that transition.
The Foundry precinct may be sensitively developed to incorporate a number of uses which may include medium density residential, ground level retail and some commercial activities subject to council approval.
The property features include;
- 4,265m2• allotment.
- 2,393m2• of building floor area which incorporates a mix of separate floor areas ranging from 284m2• to 1,092m2•.
- The internal architecture consists of heavy timber structure with soaring ceiling heights and significant clear spans.
- 239 Ruthven Street lends opportunity for offices, bulky goods retailing, food, entertainment and more.
- Zoned Railway Parklands PDA - special purpose - The Foundry.
- Prominently positioned front and centre to Toowoomba's newest Bunnings on the Northern fringe of the CBD to over 18,700• cars per day.
- Significant frontage to Ruthven Street which is the main road running through the Toowoomba CBD.
- Multi-directional access provided by a recently installed set of traffic lights as part of the Bunnings development.
In short, this site is arguably one of the best exposed commercial/retail sites in the city and we highly recommend a viewing.
For further information please contact Mike Stewart of LJ Hooker Commercial on 0418 717 361.
Approx•.