30 | Queensland Andrew Lynch of Commercial Toowoomba says commercial property in the Toowoomba region is currently yielding 6-7% on average. He adds that industrial yields are expected to rise, noting, “Industrial property has been hot property with nearly everything selling within a reasonable time frame of hitting the market. We are also doing a lot of off market transactions as we have buyers on our books looking for the right property.” According to Commercial Toowoomba’s Nick Koenig, “There are a lot of owner occupiers looking at the moment, however we are seeing a shortage of suitable stock. Owner occupiers have been paying a bit more for property than investors.” The team at Commercial Toowoomba have achieved tremendous results recently including the sale of 123 North Street, Toowoomba, an industrial property, for $3.2 million, which was secured by a local company looking for larger premises for their expanding business. In the leasing market, an office at 112 Drayton Street, Dalby was leased to a corporate tenant for $116,500 per annum, while 119 Cunningham Street, was leased for over $200,000 per annum on a 7-year term. Andrew Lynch andrew.lynch@toowoomba.rh.com.au Toowoomba
RkJQdWJsaXNoZXIy MTI3ODI1