FOR SALE
$430,000 (including GST)

110 Charters Towers Road
Hermit Park QLD 4812

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 285m2
Land area: 340m2
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Investment opportunity with long-standing restaurant tenant

Offered to the market for the first time in over 50 years, 110 Charters Towers Road, Hermit Park, is a fantastic investment opportunity.
It is currently occupied by Sundoo Chinese Restaurant, which has been running a successful dine-in and take-away business for over 30 years.
- 285 sqm* building area
- 340 sqm site
- Corner block, with rear laneway access via Armstrong Street
- Large takeaway and dining area
- Functional kitchen with near-new grease trap
- Fully air-conditioned
- Current tenant on a month-to-month tenancy
Hermit Park is located approximately 3 km south of the Townsville CBD, making it convenient. It is surrounded by small shopping centres, local businesses, cafes, and schools, and over 25,000 cars pass Charters Towers Road daily.
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Property Details for 110 Charters Towers Rd, Hermit Park

Building Type
Commercial
Floor Size
285m2
Land Size
340m2

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About Hermit Park 4812

The size of Hermit Park is approximately 2.2 square kilometres. It has 5 parks covering nearly 26.4% of total area. The population of Hermit Park in 2011 was 3,520 people. By 2016 the population was 3,423 showing a population decline of 2.8% in the area during that time. The predominant age group in Hermit Park is 20-29 years. Households in Hermit Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hermit Park work in a professional occupation. In 2011, 48.1% of the homes in Hermit Park were owner-occupied compared with 47% in 2016.

Hermit Park has 2,073 properties. Over the last 5 years, Houses in Hermit Park have seen a 93.34% increase in median value, while Units have seen a 114.56% increase. As at 30 November 2024:

  • The median value for Houses in Hermit Park is $553,959 while the median value for Units is $321,368.
  • Houses have a median rent of $420 while Units have a median rent of $370.
There are currently 15 properties listed for sale, and 10 properties listed for rent in Hermit park on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Hermit park.

Suburb Insights for Hermit Park 4812

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Stacie Stockham
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Troy Townsend
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Ray White Commercial Townsville
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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.