SOLD
Sold on 11 Nov 2024 for $2,028,000

49 Tolga Road
Atherton QLD 4883

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1619m2
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Property Details for 49 Tolga Rd, Atherton

Building Type
Commercial
Land Size
1619m2
Local Government
Tablelands Regional
Lot/Plan
3/RP725710

Last Listing description (December 2022)

+Secure 18-year Net Lease to 2034 plus options to 2074
+Chevron Corporation (NYSE: CVX): Major global energy company, with a market cap of $317 Billion and over 360 sites nationally**
+Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance, and Land Tax

+Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation
+Strong and certain rental growth with annual, fixed compounding 3% increases
+Important 1,619sqm* site with generous frontage to Tolga Road (Kennedy Highway)
+Kennedy Highway: An important arterial road connecting Atherton to the East Coast of Queensland with approximately 12,735 vehicles passing daily***
+Surrounded by national retailers including Woolworths, IGA, Bunnings, Big W, Toyota, Supercheap Auto, Harvey Norman and KFC all within 2km.
+Booming tourism economy, attracting 500,000 annual visitors 81% originating from the "drive market"****
+Atherton: major commercial centre of the Tablelands region, accounting for 29.5% of total population in the LGA*****
+Tablelands Regional Council: Positioned in the food bowl of the tropics, famous for its agriculture, forestry, and fishing industries which provide an annual economic output of over $549 million******
+Minimum management, essential service investment
+Estimated New Rent: $150,705 pa*

To be sold by Private Treaty

*approx.
**Chevron
***Gapmaps
****Activities Report
*****Sport and Rec Plan
******Economy.id

*All areas and figuresapproxonly. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

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Property History for 49 Tolga Rd, Atherton, QLD 4883

A timeline of how this property has performed in the market
Last Sold
$2,028,000
11 Nov 2024
  • 11 Nov 2024
    Sold for $2,028,000
  • 01 Jul 2022
    Listed for Sale Price on Request
  • 16 Dec 2016
    Sold for $71,180,000
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About Atherton 4883

The size of Atherton is approximately 94.1 square kilometres. It has 33 parks covering nearly 9.3% of total area. The population of Atherton in 2011 was 7,286 people. By 2016 the population was 7,337 showing a population growth of 0.7% in the area during that time. The predominant age group in Atherton is 60-69 years. Households in Atherton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Atherton work in a professional occupation. In 2011, 56.7% of the homes in Atherton were owner-occupied compared with 56.8% in 2016.

Atherton has 4,566 properties. Over the last 5 years, Houses in Atherton have seen a 54.64% increase in median value, while Units have seen a 45.93% increase. As at 30 November 2024:

  • The median value for Houses in Atherton is $488,483 while the median value for Units is $321,436.
  • Houses have a median rent of $480 while Units have a median rent of $340.
There are currently 104 properties listed for sale, and 10 properties listed for rent in Atherton on OnTheHouse. According to CoreLogic's data, 185 properties were sold in the past 12 months in Atherton.

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