Old Toowoomba Sizzler site on James Street reportedly sold to investor, could be occupied by car rental company

A Toowoomba investor has reportedly snapped up the old Sizzler site on the fringe of the CBD, with the potential use also revealed.

The old Sizzler Toowoomba site has reportedly been sold to a local investor. Picture: Kevin Farmer

Months after the last cheese toast was sold in November last year, the future of the old Toowoomba Sizzler has been confirmed.

The 5700 sqm property, which features the restaurant building and dozens of car parks on the intersection of James and Hume Streets in Toowoomba City, has sold to a local investor through Hodge Real Estate.

While the details of the sale remain confidential, it is understood the investor is involved with car rental company Avis.

Agent Edward Hodge said he expected the sale would coincide with a surge in commercial investment sales for the rest of the year.

“The property was sold off-market to a local investor who had been looking for a prime corner site on the fringe of the CBD,” he said.

“There is a large volume of capital looking for quality commercial assets in Toowoomba and I expect there will be a surge of transactions in the second half of this year.”

The sale comes on the back of Hodge Real Estate expanding into commercial sales following its move into residential sales last year.

The Toowoomba site was one of the last remaining Sizzler restaurants in Australia to close.

Speaking at the time, franchisor Collins Foods said Sizzler had been hardest hit during the Covid-19 pandemic and the restaurants had operated at a loss since the onset of the crisis.

Originally published as Old Toowoomba Sizzler site on James Street reportedly sold to investor, could be occupied by car rental company