ALMOST 2 ACRES (7,120m2)
GROSS RETURN OF APPROXIMATELY $290,000 p.a.
We are currently presenting the property at 2-14 Fanny Street, Newtown (Toowoomba)
for "Expressions of Interest", closing date Thursday 18th November 2021. This property is
a developer's dream with its endless development potential while still generating
Whilst this property currently has 10x 1 bedroom studio style units, 18x 1-bedroom
timber duplex flats, and one 3-bedroom house, the opportunities are infinite with this
prime location. The property itself already has Demolition Approval for all buildings. An
opportunity like this with a block of this size is a very rare find, especially in the heart of
the city. With the current demand in the Toowoomba market, this block is a hot
commodity and will not last long!
This site has a lot to offer including 3-street frontage, views to the north, and an
impressive 7120m2 of sloping area to work with. That is almost 2 acres of
Fanny Street, West Street and Hillview Street surround this block to allow for convenient
access and provide 3 existing access points. Due to the sloping nature of the block,
drainage is not a concern. This exclusive block is a short distance to the Toowoomba City
CBD, Toowoomba Bypass, food hubs, parks and more.
Please contact the Sales Team at Young Real Estate to submit your interest.
Email: email@example.com or phone: (07)4634 9222