FOR SALE
$290,000

59-63 Goldring Street
Richmond QLD 4822

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Land area: 1518m2
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Investment opportunity in the middle of Richmond

Phone enquiry code for this property : 9646
Unique property with investment potential. There are 3 blocks of land with 2 buildings. Live in the house, run your business from the shop front and rent the smaller shop or live in the house and rent out both shops.
Subdivision Potential. Potential rental income is $550.00 per week (GST exclusive). Which is $28,600.00 per year. A gross return of 9.8%.
The Land:
3 x 506m2 lots for a total of 1518m2. Fenced on 2 sides. The first lot has the smaller shop. The second lot has the larger shop and 2 bedroom house. The third lot is vacant. Potential to subdivide and sell the vacant lot and use the easement on the neighbouring property for access to the rear of the lots with the buildings.
The main building:
Renovated 2 bedroom home at the rear and a large shop at the front.
The shop area is approximately 90m2, it has pressed metal ceilings and includes a toilet and kitchenette. The area is divided into a front and back section and is fully air conditioned. There is a large concrete walk in safe accessible from the front section. The front of the shop has stairs and a ramp for easy access.
The home has 2 air conditioned bedrooms with pressed metal ceilings. Kitchen includes wall oven and electric cooktop. The bathroom is large and has a corner vanity and huge walk in shower. The toilet in separate to the bathroom. The laundry has the original wash tub and enough room for a washing machine and dryer. The large veranda wraps around 2 sides of the house and is fully enclosed with glass louvers.
The second building:
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Property Details for 59-63 Goldring St, Richmond

59-63 Goldring St, Richmond is a 2 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 1518m2. The place is currently for sale with Minus The Agent.

Building Type
House
Land Size
1518m2

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About Richmond 4822

The size of Richmond is approximately 3,357.9 square kilometres. It has 8 parks. The population of Richmond in 2011 was 827 people. By 2016 the population was 649 showing a population decline of 21.5% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Richmond work in a managers occupation. In 2011, 54.8% of the homes in Richmond were owner-occupied compared with 57.8% in 2016.

Richmond has 495 properties. Over the last 5 years, Houses in Richmond have seen a 40.14% increase in median value. As at 31 October 2024:

  • The median value for Houses in Richmond is $124,039 while the median value for Units is $239,863.
There are currently 1 property listed for sale, and no properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Richmond.

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