FOR SALE
$310,000

2/147 Boundary Street
Railway Estate QLD 4810

Bedrooms: -
Bathrooms: -
Car spaces: 15
Floor area: 74m2
Land area: 74m2
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Investment Opportunity With Long-Term Retail Tenant

Located along the main access road to the Port, the Boundary Street Centre is a hive of activity.
This tenancy shares the complex with Great Start Financial, The Therapy Room & Boundary St Fish & Burger Bar.
For Sale: $310,000 (no GST applicable).
• 5 year lease in place - expires 14/05/2029, with 2 x 5 year options
• 7% net yield
This tenancy features:
• Kebab & takeaway shop tenant
• 74m² floor area
• 2 cold rooms
• Grease trap
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Property Details for 2/147 Boundary St, Railway Estate

Building Type
Commercial
Floor Size
74m2
Land Size
74m2

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About Railway Estate 4810

The size of Railway Estate is approximately 4 square kilometres. It has 9 parks covering nearly 14.3% of total area. The population of Railway Estate in 2011 was 2,956 people. By 2016 the population was 2,846 showing a population decline of 3.7% in the area during that time. The predominant age group in Railway Estate is 20-29 years. Households in Railway Estate are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Railway Estate work in a professional occupation. In 2011, 54.5% of the homes in Railway Estate were owner-occupied compared with 55% in 2016.

Railway Estate has 1,777 properties. Over the last 5 years, Houses in Railway Estate have seen a 76.19% increase in median value, while Units have seen a 102.85% increase. As at 30 November 2024:

  • The median value for Houses in Railway Estate is $519,660 while the median value for Units is $372,882.
  • Houses have a median rent of $470 while Units have a median rent of $430.
There are currently 18 properties listed for sale, and 16 properties listed for rent in Railway estate on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Railway estate.

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Taz Townsend
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Troy Townsend
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Ray White Commercial Townsville
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