SOLD
Sold on 16 May 2024 for $3,300,000

205 Gilmore Road
Queanbeyan West NSW 2620

Bedrooms: -
Bathrooms: -
Car spaces: 19
Floor area: 1000m2
Land area: 1447m2
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Property Details for 205 Gilmore Rd, Queanbeyan West

Building Type
Commercial
Floor Size
1000m2
Land Size
1447m2
Local Government
Queanbeyan-Palerang Regional
Lot/Plan
1/DP1078339

Last Listing description (July 2024)

LJ Hooker Queanbeyan | Jerrabomberra | Googong is delighted to present for sale 205 Gilmore Road.

The outstanding freehold warehouse / showroom / workshop is ideally located only 10 minutes from Fyshwick in the West Queanbeyan industrial estate.

Excellent property, concrete and metal construction, 2 levels with dual access from both Gilmore Road and Kendall Avenue.

Large covered concreted parking/storage area accessed off Kendall Avenue approx. 375m in area, security fencing plus in-out driveway with high clearance.

Total site area comprises approx. 1,449m.
Zoning is E4 General Industrial.

The property is currently tenanted with 2 strong long term tenants and is divided into 4 separate units with only unit 1 being vacant.

Unit 1
Showroom, access off Gilmore Road, approx. 383.5m in area, clear span, good height, own kitchen and bathroom facilities, 3 x offices, staircases to 2 adjoining workshop units below, allocated car spaces plus turn bay at front.

Unit 2
Showroom/warehouse, access of Gilmore Road, approx. 500m in area, good height, clear span, roller door, own kitchen and bathroom facilities, allocated car spaces plus turn bay at front.

Unit 3
Lower level workshop, access off Kendall Avenue, approx. 270m in area including Dincel retained storage area, high clearance, clear span, own kitchen and bathroom facilities, high auto roller door.

Unit 4
Adjoining lower level workshop, access of Kendall Avenue, approx. 362.7m in area including Dincel retained storage area, high clearance, clear span, own kitchen and bathroom facilities, high auto roller door.

Note
If a buyer wishes to occupy part of the building for their own use, Unit 2 could potentially be available (further details available if required).

Rental
Current gross annual income $211,338 + GST plus 100% of outgoings paid by tenants.

No GST applicable to sale price as sold as "Going Concern".

Ideal for astute investors or self managed super fund.

Asking Price $3.3 - $3.5 million range

We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

Property History for 205 Gilmore Rd, Queanbeyan West, NSW 2620

A timeline of how this property has performed in the market
Last Sold
$3,300,000
16 May 2024
Listed for Rent
$1.57k/w
16 Jul 2024
  • 16 May 2024
    Sold for $3,300,000
  • 01 Mar 2024
    Listed for Rent $82,000 / year
  • 22 Aug 2023
    Listed for Sale $3,300,000 - $3,500,000
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About Queanbeyan West 2620

The size of Queanbeyan West is approximately 2.8 square kilometres. It has 13 parks covering nearly 28.2% of total area. The population of Queanbeyan West in 2011 was 3,156 people. By 2016 the population was 3,142 showing a population decline of 0.4% in the area during that time. The predominant age group in Queanbeyan West is 20-29 years. Households in Queanbeyan West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Queanbeyan West work in a clerical occupation. In 2011, 64.3% of the homes in Queanbeyan West were owner-occupied compared with 62.7% in 2016.

Queanbeyan West has 1,732 properties. Over the last 5 years, Houses in Queanbeyan West have seen a 55.13% increase in median value, while Units have seen a 33.56% increase. As at 30 November 2024:

  • The median value for Houses in Queanbeyan West is $842,631 while the median value for Units is $523,228.
  • Houses have a median rent of $680 while Units have a median rent of $458.
There are currently 2 properties listed for sale, and 8 properties listed for rent in Queanbeyan west on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Queanbeyan west.

Suburb Insights for Queanbeyan West 2620

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LJ Hooker Queanbeyan
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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.