Newspaper article The Chronicle (Toowoomba, Australia)

Big Bucks for Endeavour; Russell St Building Sells for $1.3m

Newspaper article The Chronicle (Toowoomba, Australia)

Big Bucks for Endeavour; Russell St Building Sells for $1.3m

Article excerpt

Byline: Tom Gillespie

AFTER more than 20 years helping the community, the historic Endeavour Foundation building on Russell St has officially changed hands.

The brick freehold property, which features several offices and 13 car parking spaces, was sold at auction on Thursday for $1.3 million.

Neighbouring property owner John Anderson beat out seven other bidders to score the Endeavour Foundation office, which housed staff for the organisation for more than two decades.

Colliers International agent Dan Dwan said the building was sold above reserve price, meaning the auction process delivered results.

"For an asset of this class, it was in line with what we expected," he said.

"During the campaign, there were 30 individual parties looking at the property.

"There were prior offers made in the campaign that were far less than what the eventual price was."

Mr Dwan said the freehold status, standalone building and 13 car parks all helped push the price up for the CBD property. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.