Asset reposition and value add
- Utilising strong local agent contacts, this building was purchased off market prior to an on market campaign, including the negotiation of a substantial discount to the sales price prior to settlement.
- 500 m2 of lettable area over two levels, centrally located on one of Toowoomba's key CBD streets and within a very tightly held block
- The building presented with very solid bones - concrete floors, brick construction, however very dated internal fitout dating back to the 70's/ 80's.
- Noting growing demand for high quality modern and smaller office tenancies, we saw the potential to completely gut the building and fully refurbish internally and externally, splitting the building into 4 tenancies.
- Anton Property Co is project managing all aspects of this project including coordination of design, approvals, tender, construction and leasing. Construction is due for completion quarter 4
- Expectations are to add an immediate circa 50% increase in asset value based on total property purchase, construction and leasing costs upon completion.
Please contact us for more information on this project.
Antony was a great agent. He always responded quickly and was easy to communicate with. Would definitely recommend his services.
Justin C
