OFF MARKET

48-54 Munro Street
Babinda QLD 4861

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 100m2
Land area: 1012m2
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Property Details for 48-54 Munro St, Babinda

Building Type
Commercial
Floor Size
100m2
Land Size
1012m2
Local Government
Cairns Regional
Lot/Plan
203/NR7392

Last Listing description (March 2010)

COMMERCIAL BUILDING + UNIT
BABINDA
FOR SALE

$890,000
Re: 48_54 Munro Street, Babinda Real Estate
Potential Return 8.5%
Babinda is a bustling Sugar community located just 35 minutes south of Cairns at the base of Mt Bartle Frere and home to The Boulders a tropical water flow attracting tourist buses daily and only 18 minutes from the coastal village of Bramston Beach.
The building listed for sale is on freehold land of 1012m2 comprising a 560m2 Supermarket, a 110m2 shop, modern upstairs furnished 100m2unit, and adjoining 100m2 storeroom at the rear.
SUPERMARKET $650,000 value
560m2 has 2x5 year options left on its lease Returning 7.76%
100m2 UNIT $100,000 value
Residence is currently Rented @ $200 per Week
110m2 SHOP $100,000 Value
Shop currently tenanted on 12 month lease @ $220 per Week
100m2 BUILDING $40,000 Value
Rear Storeroom Currently empty. Ideal for storage @ $80 per Week
Priced well below replacement cost at $890,000 and best position in the centre of town next to Stag Tavern and opposite the newly opened Bendigo Bank this is a great opportunity to buy into the market in a town that has yet to reach its full potential.
So give Babinda Real Estate a call on 07 40671680.

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Property History for 48-54 Munro St, Babinda, QLD 4861

A timeline of how this property has performed in the market
Last Transferred
29 Mar 1996
Listed for Rent
$250/w
27 Nov 2018
  • 03 Jul 2009
    Listed for Sale $890,000
  • 01 Jul 2007
    Listed for Sale $790,000
  • 29 Mar 1996
    Transferred

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About Babinda 4861

The size of Babinda is approximately 40 square kilometres. It has 9 parks covering nearly 2.1% of total area. The population of Babinda in 2011 was 1,068 people. By 2016 the population was 1,257 showing a population growth of 17.7% in the area during that time. The predominant age group in Babinda is 60-69 years. Households in Babinda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Babinda work in a labourer occupation. In 2011, 62.7% of the homes in Babinda were owner-occupied compared with 61% in 2016.

Babinda has 733 properties.

    There are currently 13 properties listed for sale, and 2 properties listed for rent in Babinda on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Babinda.

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