FOR SALE
For Sale

31 Blackwood Street
Mitchelton QLD 4053

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 174m2
Land area: 822m2
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Rare Opportunity in Mitchelton Retail Precinct for Property with 2 Income Streams and Development Potential

The property is first time offered for sale in 40 years, situated in the busy and tightly held Mitchelton Retail Precinct which is only 9 km north-west of Brisbane CBD. This is a very rare investment opportunity in the growing Mitchelton for Owner Occupiers, Investors or Developers.
Property Highlights:
• Free-standing solid brick commercial building
• Situated in the busy Mitchelton Retail Precinct
• Only 9 kms from Brisbane CBD
• Major Centre Zoning
• Commercial Re-development Potential to Maximum of 5 levels (STCA)
• Land area 822 sqm rectangular site. High underlying Land value.
• Building area of 174 sqm (approx.) configurated into 2 shops @ 87sqm (see floor plan)
• Each shop with separate street front entrance, rear access and toilet facilities
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Property Details for 31 Blackwood St, Mitchelton

Building Type
Commercial
Floor Size
174m2
Land Size
822m2

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About Mitchelton 4053

The size of Mitchelton is approximately 4.2 square kilometres. It has 17 parks covering nearly 7.3% of total area. The population of Mitchelton in 2011 was 8,011 people. By 2016 the population was 8,546 showing a population growth of 6.7% in the area during that time. The predominant age group in Mitchelton is 30-39 years. Households in Mitchelton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitchelton work in a professional occupation. In 2011, 64.4% of the homes in Mitchelton were owner-occupied compared with 60.7% in 2016.

Mitchelton has 3,976 properties. Over the last 5 years, Houses in Mitchelton have seen a 81.09% increase in median value, while Units have seen a 69.55% increase. As at 30 November 2024:

  • The median value for Houses in Mitchelton is $1,202,499 while the median value for Units is $692,866.
  • Houses have a median rent of $645 while Units have a median rent of $535.
There are currently 13 properties listed for sale, and 12 properties listed for rent in Mitchelton on OnTheHouse. According to CoreLogic's data, 193 properties were sold in the past 12 months in Mitchelton.

Suburb Insights for Mitchelton 4053

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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.