51, 7 & 9 Tourist Road & James Street
East Toowoomba, QLD 4350

Overview

Iconic Escarpment-Facing Development Site

This iconic development site, known as Tripoint Terraces, is located on the Great Dividing Range in the prestigious East Toowoomba area. It offers a rare opportunity for subdivision, investment, or strategic infill development in a highly sought-after location.

The property currently consists of three lots, each improved with residential dwellings that have existing tenancies, combining to form a generous triangular-shaped site of approximately 2,547 square meters. Zoned for Low-Medium Density Residential use, the site benefits from a current development approval for six premium residential lots, providing a clear pathway for redevelopment.

One of the unique features of this site is its 'island' position, with frontage access to Tourist Road, James Street, and Burke Street. This prime location is directly opposite The Range Shopping Centre and is conveniently close to key amenities including St Vincent's Private Hospital, Toowoomba Grammar School, Fairholme College, the Eastville restaurant precinct, and the scenic Picnic Point.

Key highlights of this opportunity include:

• Strategic infill development or investment potential
• Council-approved subdivision into six premium residential lots
• Substantial holding income from the existing dwellings
• Potential for higher density development such as apartments, subject to council approval
• Prime location with abundant local amenities at the doorstep
• Panoramic escarpment views from the upper levels
• Opportunity to capitalize on Toowoomba's residential land and dwelling shortage

Interested parties are encouraged to enquire to receive a copy of the Information Memorandum and approved site redevelopment plans. This property is offered for sale via Expressions of Interest, providing a flexible and attractive acquisition option for developers and investors alike.

Overall, this site represents a rare and valuable opportunity to secure a significant development parcel in a prestigious and well-connected part of East Toowoomba, with excellent potential for future growth and income generation.

Location