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 1,769 properties. Over the last 5 years, Houses in Railway Estate have seen a 75.75% increase in median value, while Units have seen a 42.78% increase. As at 30 September 2024:

  • The median value for Houses in Railway Estate is $506,670 while the median value for Units is $355,954.
  • Houses have a median rent of $480 while Units have a median rent of $370.
There are currently 24 properties listed for sale, and 8 properties listed for rent in Railway estate on OnTheHouse. According to CoreLogic's data, 102 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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