FOR SALE
$398,000

47-49 Grevillea Street
Biloela QLD 4715

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 157m2
Land area: 412m2
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PRIME COMMERCIAL SPACE FOR SALE IN BILOELA! 12.1% GROSS RETURN

Welcome to 47-49 Grevillea Street, where investment meets opportunity in the heart of the Central Business District. Boasting a solid tenant in Centrelink for over 30 years, this property provides a stable and lucrative income. Recent upgrades include new carpet, air conditioning system and a fresh coat of paint, ensuring a modern and inviting atmosphere for patrons.
Not only does this property provide a, long-term, reputable tenant, but its proximity to a major shopping centre ensures a steady stream of foot traffic. The convenience of on-site parking and the added accessibility of rear lane entry make this space a practical choice for businesses.
-Current annual rental income $48,159 plus GST.
-Leased to Commonwealth of Australia
-Lease term 12 months (tenant has requested an additional 2 years) plus a further 2 X 1 year options
-Land area 421 M2
-Building area 157 M2 under roof plus 4 car employee parking
-Located within 2 minutes to Biloela shopping world.
Invest in success, secure your future with 47-49 Grevillea Street. Schedule a viewing today and discover how this property can elevate your investment portfolio.

Property Details for 47-49 Grevillea St, Biloela

Building Type
Commercial
Floor Size
157m2
Land Size
412m2

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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 2,904 properties. Over the last 5 years, Houses in Biloela have seen a 73.05% increase in median value, while Units have seen a -31.86% decrease. As at 31 July 2024:

  • The median value for Houses in Biloela is $300,213 while the median value for Units is $171,968.
  • Houses have a median rent of $400 while Units have a median rent of $290.
There are currently 30 properties listed for sale, and 2 properties listed for rent in Biloela on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in Biloela.

Suburb Insights for Biloela 4715

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Ross Munroe
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First National Real Estate Biloela
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.