Raine & Horne Commercial

QLD - Toowoomba Andrew Lynch of Commercial Toowoomba says buyers are looking for high yielding investments with safe, secure tenants – and there are good reasons for buyers to focus on quality properties. Yields on retail property are currently 6.5-7.5%, rising to 7.0-8.0% for industrial and office properties. Andrew notes that while these figures are not expected to change before 2021, yields do vary according to a variety of factors including lease length, location and the type of tenant. The vacancy rate across Toowoomba has tightened for quality industrial premises however Nick Koenig of Commercial Toowoomba notes that inferior properties can be harder to lease. The market for office space is less consistent. Nick explains, “we are seeing good quality space lease while other stock stays available for longer periods.” While the closure of the Queensland border has impacted the commercial market, the team from Commercial Toowoomba have notched up outstanding sale and lease results. Among them was the $1.2 million sale of regional roadhouse leased to national fuel company, and the sale of vacant land for $2.060 million. In leasing results, a 5-year lease to a national company was secured for $107,000 (net) per annum. A nationally branded real estate agency acquired a lease in a regional town for $40,000 (net) per annum. 35 - Andrew Lynch andrew.lynch@toowoomba.rh.com.au