FOR SALE
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516 Mulgrave Road
Earlville QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: 39
Floor area: 1473m2
Land area: 1355m2
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VALUE ADD INVESTMENT OPPORTUNITY

Ben Sands from RWC Gateway, as the exclusive selling agent is pleased to present to the market for sale 516 Mulgrave Road, Earlville. This rare offering boasts main road corner frontage presenting a lucrative prospect for discerning investors. A modern, three-level, freestanding, mixed-use building currently fully leased to long-term occupants. The property has excellent exposure being directly adjacent to the Earlville Shopping Town and situated on Mulgrave Road.
This is an incredible opportunity to acquire a freehold, multi-tenanted investment in the heart of one of the best commercial precincts in the Cairns region.
The key investment highlights:
• 1,473 sqm* of building area across 2 levels plus basement car parking and storage.
• 1,355 sqm* corner facing freehold site with dual street frontages to Mulgrave Road and Rowe Street.
• Diverse tenancy mix with Medical / Allied Health, Retail, Office, Consulting etc.
• Estimated Net Income: $507,220.82 P.A + GST.
• 39* on-site parking spaces
• Excellent exposure to 30,000* vehicles daily along Mulgrave Road
• Located directly opposite Earlville Shopping Town home to Woolworths, Coles, Target, Big W, Rebel Sport, JB Hi-Fi and 100+ specialty stores.
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Property Details for 516 Mulgrave Rd, Earlville

Building Type
Commercial
Floor Size
1473m2
Land Size
1355m2

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About Earlville 4870

The size of Earlville is approximately 3.5 square kilometres. It has 13 parks covering nearly 4.3% of total area. The population of Earlville in 2011 was 3,853 people. By 2016 the population was 4,026 showing a population growth of 4.5% in the area during that time. The predominant age group in Earlville is 40-49 years. Households in Earlville are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Earlville work in a professional occupation. In 2011, 58% of the homes in Earlville were owner-occupied compared with 52.3% in 2016.

Earlville has 2,156 properties. Over the last 5 years, Houses in Earlville have seen a 61.12% increase in median value, while Units have seen a 51.49% increase. As at 31 October 2024:

  • The median value for Houses in Earlville is $584,021 while the median value for Units is $344,258.
  • Houses have a median rent of $615 while Units have a median rent of $420.
There are currently 11 properties listed for sale, and 1 property listed for rent in Earlville on OnTheHouse. According to CoreLogic's data, 99 properties were sold in the past 12 months in Earlville.

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Ben Sands
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Aj Calvet
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RWC Gateway
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