FOR SALE
Offers over $1,200,000

114 Charters Towers Road
Hermit Park QLD 4812

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 437m2
Land area: 930m2
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Multi tenanted commercial investment - 3 tenancies

Located on one of Townsville's most popular commercial strips, with over 35,000 vehicles passing daily, 114 Charters Towers Road features:
• Land area: 930 sqm
• Building area: 437 sqm
• Configured as 3 separate retail tenancies
• Fully air-conditioned
• Rear concreted car park for 12 vehicles
• 2 x bathrooms
• Glass shopfronts
The property is fully leased to long-term local fashion & retail businesses, producing a net income of $86,943 per annum + GST.
Each tenancy is already strata-titled should the new owner wish to sell a portion of the property separately.
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Property Details for 114 Charters Towers Rd, Hermit Park

Building Type
Commercial
Floor Size
437m2
Land Size
930m2

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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 9 properties listed for rent in Hermit park on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Hermit park.

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Troy Townsend
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Stacie Stockham
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Ray White Commercial Townsville
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