SOLD
Sold on 30 Jul 2024 for $520,000

187 Mary Street
Gympie QLD 4570

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 159m2
Land area: 233m2
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Property Details for 187 Mary St, Gympie

Building Type
Commercial
Floor Size
159m2
Land Size
233m2
Local Government
Gympie Regional
Lot/Plan
3/RP2525

Last Listing description (September 2024)

Located in the heart of the CBD right on the corner of Mary and Monkland Streets, this is a great opportunity for investors seeking a solid return!

This freehold commercial building is split into two separate office/shop fronts, with a total of 233m2 under roof. Within walking distance to Coles, Goldfields Shopping Centre, Drakes Supermarkets, cafes, parks, shopping and more, you cant be anymore in the centre of town than this!

Fully leased for 3 years with a further 3-year option for both tenancies in place

Returning $43,000 per year in total, plus GST and outgoings
Rent review or CPI agreements in place
Tenancy 1 office space of 79m2
Tenancy 2 office space of 143m2
Excellent exposure for both, with huge amount of vehicle and foot traffic daily

Surrounded by reputable and long-standing local businesses, this well-known building gives you a fantastic chance to invest in the heart of Gympie!

** Please note businesses not for sale**

See below link for interactive walk-through for each shop.

For more information, contact marketing agent Peter Olsson today on 0411 065 326!

Property History for 187 Mary St, Gympie, QLD 4570

A timeline of how this property has performed in the market
Last Sold
$520,000
30 Jul 2024
Listed for Rent
$316/w
27 Nov 2023
  • 13 Sep 2024
    Listed for Rent $16,500 / year
  • 30 Jul 2024
    Sold for $520,000
  • 28 Jun 2024
    Listed for Sale $535,000
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About Gympie 4570

The size of Gympie is approximately 15.2 square kilometres. It has 32 parks covering nearly 13.9% of total area. The population of Gympie in 2011 was 10,156 people. By 2016 the population was 10,787 showing a population growth of 6.2% in the area during that time. The predominant age group in Gympie is 0-9 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation. In 2011, 57.8% of the homes in Gympie were owner-occupied compared with 54.1% in 2016.

Gympie has 6,438 properties. Over the last 5 years, Houses in Gympie have seen a 107.99% increase in median value, while Units have seen a 38.01% increase. As at 30 September 2024:

  • The median value for Houses in Gympie is $529,625 while the median value for Units is $387,749.
  • Houses have a median rent of $490 while Units have a median rent of $350.
There are currently 78 properties listed for sale, and 29 properties listed for rent in Gympie on OnTheHouse. According to CoreLogic's data, 382 properties were sold in the past 12 months in Gympie.

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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.