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Sold on 24 Oct 2024 - Price Unavailable

Dominion Place
Queanbeyan East NSW 2620

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 83m2
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Property Details for 10/2 Dominion Pl, Queanbeyan East

Building Type
Commercial
Floor Size
83m2

Last Listing description (October 2024)

Raine & Horne Commercial Canberra are pleased to offer Unit 10, 2 Dominion Place for sale as a tenanted investment opportunity.

Queanbeyan has fast become an ideal option for Canberra-based businesses to operate from due to more affordable rents and its proximity to Fyshwick (approx. 5 minutes' drive), Canberra CBD (approx. 15 minutes' drive) and Googong (approx. 5 minutes' drive). Queanbeyan also offers easy access to the Federal Highway (via Sutton Road), Cooma (via Monaro Highway) and the South Coast (via Kings Highway).

2 Dominion Place comprises 11 individual high-quality commercial units suitable for a range of uses including corporate offices, light industrial warehousing and retail showrooms.

Unit 10 is an 83sqm high clearance warehouse unit with 1 allocated carpark. The unit is leased to Lion Batteries on the following high-level lease terms:

• Lease Commencement: 1st June 2024
• Lease term: 2+2 years
• Commencing Rent: $28,000pa +GST (gross)
• Rental Increases: 4% per annum (including on the exercise of the option)
• Security: Cash Bond equivalent to 3 months' rent ($7,700 inc GST)

Estimated outgoings (paid by owner):

• Strata Budget - $4,020pa
• Council rates - $1,500pa
• Water rates - $360pa
• TOTAL: $5,880pa

For further information or to arrange an inspection, please contact Raine & Horne Commercial canberra.

Property History for 10/2 Dominion Pl, Queanbeyan East, NSW 2620

A timeline of how this property has performed in the market
Last Sold
24 Oct 2024
  • 24 Oct 2024
    Sold for $380,000
  • 10 May 2024
    Listed for Sale Price On Application

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About Queanbeyan East 2620

The size of Queanbeyan East is approximately 4.3 square kilometres. It has 12 parks covering nearly 14.5% of total area. The population of Queanbeyan East in 2011 was 3,765 people. By 2016 the population was 3,929 showing a population growth of 4.4% in the area during that time. The predominant age group in Queanbeyan East is 30-39 years. Households in Queanbeyan East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Queanbeyan East work in a professional occupation. In 2011, 49% of the homes in Queanbeyan East were owner-occupied compared with 45.4% in 2016.

Queanbeyan East has 3,123 properties. Over the last 5 years, Houses in Queanbeyan East have seen a 36.17% increase in median value, while Units have seen a 56.82% increase. As at 30 November 2024:

  • The median value for Houses in Queanbeyan East is $810,879 while the median value for Units is $425,971.
  • Houses have a median rent of $525 while Units have a median rent of $430.
There are currently 12 properties listed for sale, and 13 properties listed for rent in Queanbeyan east on OnTheHouse. According to CoreLogic's data, 136 properties were sold in the past 12 months in Queanbeyan east.

Suburb Insights for Queanbeyan East 2620

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Contact agent
Mark Nicholls
Show contact details
Cody Edwards
Show contact details
Raine & Horne Commercial Canberra
Preferred contact:
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.