SOLD
Sold on 29 Apr 2024 for $2,600,000

290-292 Ross River Road
Aitkenvale QLD 4814

Bedrooms: -
Bathrooms: -
Car spaces: 36
Floor area: 284m2
Land area: 2023m2
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Property Details for 290-292 Ross River Rd, Aitkenvale

Building Type
Commercial
Floor Size
284m2
Land Size
2023m2
Local Government
Townsville City
Lot/Plan
341/SP189909

Last Listing description (November 2023)

- Multi-tenanted / fully let (6 x tenancies)
- Anchored by Terry White Chemist
- Net income of $180,582 pa (GST exclusive)

- 7.22% yield
- Total of 36-onsite carparks (7 undercover)
- Net lettable area 928m*
- Land Area of 2,023m
- Major Centre zoning (Aitkenvale major centre precinct)
- Located in the Aitkenvale Commercial Precinct
- 350m* from Stockland Shopping Centre
- High exposure to Ross River Road - 21,444* vehicles passing daily

For further information or to arrange an inspection, please contact Angelo Castorina at Colliers.

*Approx
^Outlines / markups indicative only

Property History for 290-292 Ross River Rd, Aitkenvale, QLD 4814

A timeline of how this property has performed in the market
Last Sold
$2,600,000
29 Apr 2024
Listed for Rent
$1.20k/w
01 Sep 2021
  • 29 Apr 2024
    Sold for $2,600,000
  • 27 Nov 2023
    Listed for Sale $2,500,000 (Ex GST)
  • 24 Jul 2018
    Listed for Rent - Price not available
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About Aitkenvale 4814

The size of Aitkenvale is approximately 3.3 square kilometres. It has 8 parks covering nearly 15.5% of total area. The population of Aitkenvale in 2011 was 4,909 people. By 2016 the population was 4,800 showing a population decline of 2.2% in the area during that time. The predominant age group in Aitkenvale is 20-29 years. Households in Aitkenvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Aitkenvale work in a professional occupation. In 2011, 52.8% of the homes in Aitkenvale were owner-occupied compared with 51.8% in 2016.

Aitkenvale has 2,507 properties. Over the last 5 years, Houses in Aitkenvale have seen a 77.31% increase in median value, while Units have seen a 79.49% increase. As at 31 October 2024:

  • The median value for Houses in Aitkenvale is $452,729 while the median value for Units is $342,218.
  • Houses have a median rent of $440 while Units have a median rent of $360.
There are currently 13 properties listed for sale, and 23 properties listed for rent in Aitkenvale on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Aitkenvale.

Suburb Insights for Aitkenvale 4814

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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.