Multi Tenanted Freehold Office Building

Cushman & Wakefield is pleased to present for sale 64 Annand Street, a fully leased freehold commercial office building located in the heart of the Toowoomba central business district.
Situated on a 1,232sqm* landholding with prominent street frontage, this Principal Centre zoned site is improved with a diverse mix of five commercial tenants, taking up a total of 786sqm* over two floors.

This property presents highly sought-after characteristics which include a corner position, established public transport connectivity and a council car park located adjacent to the site.

Features include:
- NLA of 791 sqm*, 8 on-site car parks & further 165 car parks adjacent to property.
- Fully leased, returning an estimated net income of $234,489* per annum*
- Long term lease to EFEX, one of Australia's largest technology providers.
- Strong tenancy mix, including Toowoomba City Council & Mission Australia.
- Fixed Annual Reviews & highly favourable lease structure with all outgoings recoverable.
- Substantial landholding of 1,232sqm*, allowing potential for major future development.

*Approximate - as of December 2022

For sale via Expressions of Interest.

For further information and access to the detailed due diligence file please contact Daniel Cullinane of Cushman & Wakefield.