Development Site in Toowoomba Sold
A vacant block with potential to be developed into an office complex in a prime position on the fringe of the Toowoomba CBD has been sold by Ray White Commercial Toowoomba.
The property at 19 Isabel Street, Toowoomba, has been sold to a local growing business for $350,000 by Ray White Commercial Toowoomba’s Peter Marks on behalf of a local owner. The owners are excited about the opportunity to develop the site and to bring their business to the attention of passers-by.
Peter Marks said the approximately 740 sqm block is in a prime position on the very successful Toowoomba outer circular road.
“This property is within walking distance to the Toowoomba CBD and Grand Central Shopping Centre, surrounded by other professional offices, a new building will be ideally suited to this location.
“It is close to the professional office precinct and an office building would be ideal for this location, subject to council approval.
“While this was a rare opportunity for an astute buyer to secure a parcel of ready-to-develop land in Toowoomba’s CBD zone, there are other sites available which will provide future development opportunities.”