FOR SALE
$410,000

12 Melton Street
Biloela QLD 4715

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 187m2
Land area: 296m2
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9.02% GROSS RETURN - MULTI TENANTED ALL AT AFFORDABLE RENTAL AMOUNTS

Located in a sought-after area of town, 12 Melton Street boasts a prime location next to Drakes Supermarket, directly across from the Biloela Library and Church. Divided into three separate shops with a total underroof area of 187.18m2 approx., this versatile premises offers endless potential for investors or business owners alike. Each shop has 2 toilets and plenty of client parking directly out the front of the premises. There are 3 parking spaces at the rear of the property.
Current tenants include insurance, health and beauty services, showcasing the diverse range of possibilities for this space.
Shop 1:
- Hair Salon
- Monthly Rent: $830.00 per month (GST not applicable)
- Lease: Periodic
- Sqm Under roof: 48.18m2 approx.
Shop 2:
- Massage and Kinesiology
- Monthly Rent: $1,052.55 per month (GST not applicable)
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Property Details for 12 Melton St, Biloela

Building Type
Commercial
Floor Size
187m2
Land Size
296m2

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About Biloela 4715

The size of Biloela is approximately 17.6 square kilometres. It has 17 parks covering nearly 7.8% of total area. The population of Biloela in 2011 was 5,884 people. By 2016 the population was 5,770 showing a population decline of 1.9% in the area during that time. The predominant age group in Biloela is 0-9 years. Households in Biloela are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Biloela work in a trades occupation. In 2011, 57.3% of the homes in Biloela were owner-occupied compared with 57.5% in 2016.

Biloela has 2,891 properties.

    There are currently 42 properties listed for sale, and 2 properties listed for rent in Biloela on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Biloela.

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    Ray White Biloela
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