FOR SALE
Auction Monday 18 November 2024

9-11 Beach Avenue
Bowen QLD 4805

Bedrooms: -
Bathrooms: -
Car spaces: 14
Floor area: 278m2
Land area: 2530m2
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Auction Time
Mon 18 Nov 11:00 am
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Allied Health Tenant + Prime Redevelopment Opportunity!

Clint Franke from Ray White Ipswich is excited to present a rare and prime redevelopment opportunity in the heart of Bowen. This expansive 2,530 sqm parcel, comprising three separate titles, offers investors a unique chance to land bank, redevelop, or hold with a generous income.
The offering includes two freehold sites and a large vacant commercial lot. One site is occupied by a long-standing doctor's surgery and a QML Pathology, providing stable ongoing income, while the second site, previously an old milk bar, is currently vacant an ideal for an owner-occupier or re-letting to enhance returns.
Key Features:
• Three separately titled properties
• Dual street corner frontage
• Established doctor's surgery and Pathology with immediate rental income of *$102,079.80 Net
• Large vacant commercial lot for development or leasing
• Prime location with excellent exposure and redevelopment potential
• Located within the Local Centre Zone, which provides activities that service local needs, including allied health services, shopping, employment nodes, dining, entertainment, community services, and residential development.
• Other known addresses: 39 and 41 Murroona Street, Bowen.
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Property Details for 9-11 Beach Ave, Bowen

Building Type
Commercial
Floor Size
278m2
Land Size
2530m2

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About Bowen 4805

The size of Bowen is approximately 1,650.5 square kilometres. It has 27 parks covering nearly 4.2% of total area. The population of Bowen in 2011 was 10,260 people. By 2016 the population was 10,376 showing a population growth of 1.1% in the area during that time. The predominant age group in Bowen is 50-59 years. Households in Bowen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bowen work in a labourer occupation. In 2011, 59.1% of the homes in Bowen were owner-occupied compared with 56% in 2016.

Bowen has 6,616 properties. Over the last 5 years, Houses in Bowen have seen a 60.00% increase in median value, while Units have seen a 110.09% increase. As at 30 September 2024:

  • The median value for Houses in Bowen is $411,691 while the median value for Units is $331,217.
  • Houses have a median rent of $550 while Units have a median rent of $410.
There are currently 158 properties listed for sale, and 19 properties listed for rent in Bowen on OnTheHouse. According to CoreLogic's data, 397 properties were sold in the past 12 months in Bowen.

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Clint Franke
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Ray White Ipswich
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