FOR SALE
$530,000 plus GST

197 & 199 Kingaroy Street
Kingaroy QLD 4610

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 244m2
Land area: 475m2
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Prime Commercial Freehold Property in the Heart of Kingaroy CBD

This is a rare opportunity for investors or business owners to secure a prime commercial freehold property in the bustling Kingaroy CBD. Ideally located with dual street access from both Kingaroy Street and Circular Place, the property consists of two retail/café shops that are currently leased, offering an immediate income stream.
Key Features:
• Land Size: 475m²
• Local Authority: South Burnett Regional Council
• Primary Land Use: Shopping Group (2-6 shops)
• Zoning: Business
• Parking: Ample parking available in front of the buildings, with additional off-street Council car parking located behind the property.
Tenancy Details - Investment Opportunity with Established Tenants:
• 197 Kingaroy Street: Currently leased to a bakery operating on a periodic (month-to-month) basis. The tenant pays approximately $2,034.59 per month GST inclusive + 50% of outgoings annually, providing a stable income stream with flexibility for future leasing arrangements.
• 199 Kingaroy Street: Leased to a popular café, which benefits from front footpath dining. The tenant pays $1549.59 per month GST inclusive + 50% of outgoings annually, with potential for renewal or re-leasing.
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Property Details for 197 & 199 Kingaroy St, Kingaroy

Building Type
Commercial
Floor Size
244m2
Land Size
475m2

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About Kingaroy 4610

The size of Kingaroy is approximately 68.6 square kilometres. It has 19 parks covering nearly 1.5% of total area. The population of Kingaroy in 2011 was 9,522 people. By 2016 the population was 10,026 showing a population growth of 5.3% in the area during that time. The predominant age group in Kingaroy is 0-9 years. Households in Kingaroy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kingaroy work in a labourer occupation. In 2011, 59% of the homes in Kingaroy were owner-occupied compared with 56.3% in 2016.

Kingaroy has 5,578 properties. Over the last 5 years, Houses in Kingaroy have seen a 83.21% increase in median value, while Units have seen a 55.41% increase. As at 30 September 2024:

  • The median value for Houses in Kingaroy is $440,528 while the median value for Units is $290,520.
  • Houses have a median rent of $470 while Units have a median rent of $350.
There are currently 72 properties listed for sale, and 28 properties listed for rent in Kingaroy on OnTheHouse. According to CoreLogic's data, 279 properties were sold in the past 12 months in Kingaroy.

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Rahul Singh
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