657 Ruthven Street South Toowoomba, QLD

The LJ Hooker Commercial QLD Investment Team are delighted to present 657 Ruthven Street to the market for sale.

Retail opportunities of this calibre located along the bulky goods retail mile of Toowoomba rarely come available. Located south of the CBD, 657 Ruthven Street ticks all of the boxes for a secure retail investment!! Forty Winks have occupied the building for almost 23 years without vacancy and have enjoyed a strong trading history.

The neighbouring retailers include Joyce Mayne, Freedom Furniture, Curtain Wonderland, Autobarn, BBQ Galore, Fernwood Fitness and more.

The main features of 657 Ruthven Street are;

- Currently leased to strong National tenant, Forty Winks with 105 locations throughout Australia and Southside Fitness who operate 4 stores through out Queensland
- Net income of $303,476.00pa + GST
- Forty Winks on a 5 year lease commencing October 2017 with a further 1 x 5 year option to October 2027
- Southside Fitness is a long term with the current lease expiring in February 2022
- Fixed annual increases of 3.0% pa
- Land area of 2,671m2 improved with a 1,681m2 modern tilt slab building with 34 carparks.
- Prime Ruthven Street exposure
- Adaptable building constructed in 1998 with great signage

For further details, a copy of the information memorandum or to organise an exclusive inspection please contact Markus Eames or Daniel Cullinane of the LJ Hooker Commercial QLD Investment Team.